Lincoln Capital LLC Has $2,593,000 Position in Microsoft Corp. (MSFT)
Lincoln Capital LLC lowered its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 50,667 shares of the software giant’s stock after selling 171 shares during the period. Microsoft Corp. comprises 1.9% of Lincoln Capital LLC’s portfolio, making the stock its 20th largest position. Lincoln Capital LLC’s holdings in Microsoft Corp. were worth $2,593,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Invictus RG purchased a new position in shares of Microsoft Corp. during the first quarter valued at about $107,000. Riggs Asset Managment Co. Inc. increased its position in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares in the last quarter. Lowe fs LLC increased its position in shares of Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares in the last quarter. Wrapmanager Inc. bought a new position in shares of Microsoft Corp. during the first quarter worth $205,000. Finally, CLS Investments LLC increased its position in shares of Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock worth $206,000 after buying an additional 3,206 shares in the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded down 1.38% on Tuesday, reaching $57.24. 8,396,522 shares of the company’s stock traded hands. Microsoft Corp. has a 12 month low of $46.53 and a 12 month high of $58.70. The firm has a market cap of $446.04 billion, a PE ratio of 27.26 and a beta of 1.09. The firm’s 50-day moving average is $57.49 and its 200 day moving average is $54.37.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The company earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities analysts predict that Microsoft Corp. will post $2.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.39 per share. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.69%. Microsoft Corp.’s payout ratio is presently 70.24%.
A number of brokerages have weighed in on MSFT. Credit Agricole SA reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Microsoft Corp. in a research note on Wednesday, October 5th. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Microsoft Corp. in a research note on Friday, September 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $65.00 target price on shares of Microsoft Corp. in a research note on Wednesday, September 28th. Jefferies Group set a $40.00 target price on shares of Microsoft Corp. and gave the stock a “sell” rating in a research note on Tuesday, September 27th. Finally, Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.66 target price for the company in a research note on Monday, September 26th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $59.41.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the sale, the chief executive officer now owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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