Culbertson A N & Co. Inc. reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,553 shares of the software giant’s stock after selling 205 shares during the period. Microsoft Corporation accounts for about 2.7% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 7th largest position. Culbertson A N & Co. Inc.’s holdings in Microsoft Corporation were worth $8,517,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after buying an additional 2,552,473 shares in the last quarter. Norges Bank bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at approximately $4,334,099,000. Janus Capital Management LLC raised its stake in shares of Microsoft Corporation by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock valued at $3,061,887,000 after buying an additional 4,250,705 shares in the last quarter. Dodge & Cox bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at approximately $2,658,504,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Microsoft Corporation by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock valued at $1,907,648,000 after buying an additional 638,798 shares in the last quarter. Institutional investors and hedge funds own 72.86% of the company’s stock.

Microsoft Corporation (NASDAQ MSFT) traded down 0.14% during trading on Monday, hitting $72.58. 5,793,492 shares of the stock were exchanged. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The firm has a market cap of $559.45 billion, a PE ratio of 26.78 and a beta of 1.01. The stock’s 50-day moving average price is $71.23 and its 200-day moving average price is $67.50.

Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period last year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts expect that Microsoft Corporation will post $3.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.

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MSFT has been the topic of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price target on shares of Microsoft Corporation in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Microsoft Corporation in a research note on Sunday, July 9th. Cowen and Company reiterated an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. Pacific Crest reiterated a “buy” rating and set a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Finally, William Blair reiterated an “outperform” rating on shares of Microsoft Corporation in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.15.

In other news, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total value of $207,330.00. Following the completion of the sale, the executive vice president now directly owns 216,507 shares of the company’s stock, valued at $14,962,798.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,855 shares of company stock valued at $4,331,908. Corporate insiders own 2.99% of the company’s stock.

Microsoft Corporation 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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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