KBC Group NV Reduces Stake in Microsoft Corp. (MSFT)
KBC Group NV lowered its position in Microsoft Corp. (NASDAQ:MSFT) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,945,232 shares of the software giant’s stock after selling 133,155 shares during the period. Microsoft Corp. makes up approximately 1.4% of KBC Group NV’s investment portfolio, making the stock its 5th largest position. KBC Group NV’s holdings in Microsoft Corp. were worth $99,537,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. V Wealth Management LLC purchased a new position in shares of Microsoft Corp. during the first quarter worth approximately $552,000. Sigma Planning Corp boosted its position in shares of Microsoft Corp. by 23.7% in the first quarter. Sigma Planning Corp now owns 101,845 shares of the software giant’s stock worth $5,625,000 after buying an additional 19,501 shares during the last quarter. Country Trust Bank boosted its position in shares of Microsoft Corp. by 7.0% in the first quarter. Country Trust Bank now owns 694,033 shares of the software giant’s stock worth $38,331,000 after buying an additional 45,671 shares during the last quarter. Gillespie Robinson & Grimm Inc. boosted its position in shares of Microsoft Corp. by 33.4% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 14,368 shares of the software giant’s stock worth $800,000 after buying an additional 3,601 shares during the last quarter. Finally, McQueen Ball & Associates Inc. boosted its position in shares of Microsoft Corp. by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 8,429 shares of the software giant’s stock worth $466,000 after buying an additional 25 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.7454% during midday trading on Friday, hitting $57.3443. The stock had a trading volume of 11,595,400 shares. The company has a market cap of $446.86 billion, a P/E ratio of 27.3068 and a beta of 1.09. The firm has a 50 day moving average of $57.42 and a 200-day moving average of $54.43. Microsoft Corp. has a one year low of $46.90 and a one year high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.11. The firm had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, analysts forecast that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid 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 is Tuesday, November 15th. This represents a $1.56 annualized dividend and a yield of 2.74%. Microsoft Corp.’s dividend payout ratio is 70.24%.
A number of brokerages have commented on MSFT. BMO Capital Markets reissued a “buy” rating and set a $57.00 target price on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura reissued a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 target price on Microsoft Corp. and gave the company a “buy” rating in a report on Thursday, July 21st. Zacks Investment Research raised Microsoft Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $50.00 target price on shares of Microsoft Corp. in a report on Monday, July 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.55.
In related news, insider G Mason Morfit sold 18,000,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 143,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the sale, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The disclosure for this sale can be found here. Corporate 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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