Microsoft Corp. (MSFT) Shares Sold by Wall Street Access Asset Management LLC
Wall Street Access Asset Management LLC cut its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,924 shares of the software giant’s stock after selling 1,050 shares during the period. Microsoft Corp. accounts for about 3.0% of Wall Street Access Asset Management LLC’s investment portfolio, making the stock its 7th largest position. Wall Street Access Asset Management LLC’s holdings in Microsoft Corp. were worth $4,908,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Gierl Augustine Investment Management Inc increased its stake in shares of Microsoft Corp. by 95.0% in the first quarter. Gierl Augustine Investment Management Inc now owns 7,728 shares of the software giant’s stock worth $427,000 after buying an additional 3,765 shares during the period. Capital Investment Advisors LLC increased its position in Microsoft Corp. by 2.2% in the first quarter. Capital Investment Advisors LLC now owns 94,670 shares of the software giant’s stock worth $5,229,000 after buying an additional 2,043 shares during the last quarter. Culbertson A N & Co. Inc. acquired a new position in Microsoft Corp. during the first quarter worth approximately $6,676,000. Perkins Coie Trust Co increased its position in Microsoft Corp. by 6.8% in the first quarter. Perkins Coie Trust Co now owns 101,223 shares of the software giant’s stock worth $5,589,000 after buying an additional 6,413 shares during the last quarter. Finally, Mission Wealth Management LLC increased its position in Microsoft Corp. by 13.2% in the first quarter. Mission Wealth Management LLC now owns 19,733 shares of the software giant’s stock worth $1,090,000 after buying an additional 2,296 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.37% during midday trading on Thursday, reaching $56.90. 11,742,651 shares of the company traded hands. The firm has a market capitalization of $443.39 billion, a price-to-earnings ratio of 27.10 and a beta of 1.09. The firm has a 50-day moving average price of $57.45 and a 200-day moving average price of $54.41. Microsoft Corp. has a one year low of $46.53 and a one year high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the 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 firm earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the firm posted $0.60 EPS. Equities analysts predict that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 2.73%. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
A number of equities analysts have recently commented on MSFT shares. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Microsoft Corp. in a report on Friday, September 30th. Credit Agricole SA reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Microsoft Corp. in a report on Wednesday, October 5th. Vetr upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 target price for the company in a research report on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 target price on shares of Microsoft Corp. and gave the stock a “neutral” rating in a research report on Wednesday, June 29th. Finally, Jefferies Group set a $40.00 target price on shares of Microsoft Corp. and gave the stock a “sell” rating in a research report on Tuesday, September 27th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.55.
In related news, CFO Amy Hood sold 120,000 shares of Microsoft Corp. stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the sale, the chief financial officer now owns 523,425 shares of the company’s stock, valued at approximately $30,285,370.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction dated 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.
Microsoft Corp. Company Profile
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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