Atalanta Sosnoff Capital LLC Purchases 142,742 Shares of Microsoft Corp. (MSFT)
Atalanta Sosnoff Capital LLC boosted its position in Microsoft Corp. (NASDAQ:MSFT) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 1,810,163 shares of the software giant’s stock after buying an additional 142,742 shares during the period. Microsoft Corp. comprises approximately 3.6% of Atalanta Sosnoff Capital LLC’s portfolio, making the stock its 4th largest position. Atalanta Sosnoff Capital LLC’s holdings in Microsoft Corp. were worth $104,266,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in shares of Microsoft Corp. by 14.9% in the first quarter. Bessemer Group Inc. now owns 271,036 shares of the software giant’s stock worth $14,969,000 after buying an additional 35,195 shares in the last quarter. Berkeley Capital Partners LLC boosted its stake in shares of Microsoft Corp. by 33.8% in the first quarter. Berkeley Capital Partners LLC now owns 20,343 shares of the software giant’s stock worth $1,124,000 after buying an additional 5,135 shares in the last quarter. Stillwater Investment Management L.P. bought a new stake in shares of Microsoft Corp. during the first quarter worth about $12,344,000. CapWealth Advisors LLC boosted its stake in shares of Microsoft Corp. by 0.9% in the first quarter. CapWealth Advisors LLC now owns 177,741 shares of the software giant’s stock worth $9,817,000 after buying an additional 1,590 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its stake in shares of Microsoft Corp. by 1.9% in the first quarter. Ropes Wealth Advisors LLC now owns 118,327 shares of the software giant’s stock worth $6,535,000 after buying an additional 2,171 shares in the last quarter. 70.87% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corp. (NASDAQ:MSFT) opened at 61.09 on Wednesday. Microsoft Corp. has a 52-week low of $48.03 and a 52-week high of $61.37. The company’s 50-day moving average price is $59.30 and its 200 day moving average price is $55.89. The stock has a market capitalization of $475.00 billion, a PE ratio of 29.26 and a beta of 1.16.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Thursday, October 20th. The software giant reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The business had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $21.71 billion. During the same period last year, the business posted $0.67 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Microsoft Corp. will post $2.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is 75.00%.
MSFT has been the topic of a number of analyst reports. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 price objective on the stock in a research note on Thursday, September 8th. Pacific Crest reiterated a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a research note on Tuesday, September 13th. Macquarie reiterated a “neutral” rating and set a $54.00 price objective on shares of Microsoft Corp. in a research note on Friday, September 23rd. Jefferies Group set a $40.00 price objective on Microsoft Corp. and gave the stock a “sell” rating in a research note on Tuesday, September 27th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research note on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $62.26.
In other news, EVP Christopher C. Capossela sold 18,583 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $58.58, for a total value of $1,088,592.14. Following the transaction, the executive vice president now directly owns 243,306 shares in the company, valued at approximately $14,252,865.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William H. Gates III sold 2,000,000 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $60.78, for a total value of $121,560,000.00. The disclosure for this sale can be found here. 2.99% of the stock is owned by insiders.
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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