Coldstream Capital Management Inc. Buys 32,089 Shares of Microsoft Co. (MSFT)
Coldstream Capital Management Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 826,004 shares of the software giant’s stock after buying an additional 32,089 shares during the period. Microsoft comprises 8.4% of Coldstream Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Coldstream Capital Management Inc.’s holdings in Microsoft were worth $51,328,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Microsoft during the fourth quarter worth about $686,993,000. State Street Corp increased its stake in shares of Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 316,129,357 shares of the software giant’s stock worth $19,644,277,000 after buying an additional 8,757,128 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Microsoft by 507.4% in the third quarter. Manning & Napier Advisors LLC now owns 4,613,038 shares of the software giant’s stock worth $265,710,000 after buying an additional 3,853,559 shares in the last quarter. Tesco Pension Investment Ltd purchased a new stake in shares of Microsoft during the third quarter worth about $170,936,000. Finally, Acadian Asset Management LLC increased its stake in shares of Microsoft by 101.2% in the third quarter. Acadian Asset Management LLC now owns 5,484,950 shares of the software giant’s stock worth $315,930,000 after buying an additional 2,758,313 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.
Microsoft Co. (NASDAQ:MSFT) opened at 64.93 on Tuesday. The firm has a 50-day moving average of $64.39 and a 200 day moving average of $61.08. The stock has a market cap of $501.75 billion, a PE ratio of 30.56 and a beta of 1.08. Microsoft Co. has a 12 month low of $48.03 and a 12 month high of $65.91.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, January 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.05. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. The company had revenue of $26.07 billion for the quarter, compared to the consensus estimate of $25.13 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts anticipate that Microsoft Co. will post $2.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.40%. Microsoft’s payout ratio is currently 73.59%.
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MSFT has been the subject of a number of recent analyst reports. Citigroup Inc upgraded shares of Microsoft from a “sell” rating to a “neutral” rating and raised their price target for the stock from $41.00 to $65.00 in a report on Friday, January 27th. Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, January 13th. Barclays PLC raised their price target on shares of Microsoft from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $67.56 price target for the company. in a report on Wednesday, March 8th. Finally, Goldman Sachs Group Inc upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the stock from $60.00 to $68.00 in a report on Sunday, December 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.28.
In other news, Director William H. Gates III sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $65.11, for a total value of $130,220,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider G Mason Morfit sold 4,616,000 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $64.40, for a total transaction of $297,270,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,623,500 shares of company stock worth $1,253,600,525. Insiders own 2.99% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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