Microsoft Corporation (MSFT) is White Pine Investment CO’s 5th Largest Position
White Pine Investment CO reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 84,651 shares of the software giant’s stock after selling 1,000 shares during the period. Microsoft Corporation makes up about 3.1% of White Pine Investment CO’s portfolio, making the stock its 5th largest position. White Pine Investment CO’s holdings in Microsoft Corporation were worth $5,835,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cantab Capital Partners LLP boosted its position in Microsoft Corporation by 25.3% in the fourth quarter. Cantab Capital Partners LLP now owns 33,051 shares of the software giant’s stock valued at $2,054,000 after buying an additional 6,664 shares during the last quarter. Sand Hill Global Advisors LLC boosted its position in Microsoft Corporation by 1.9% in the fourth quarter. Sand Hill Global Advisors LLC now owns 79,308 shares of the software giant’s stock valued at $4,928,000 after buying an additional 1,451 shares during the last quarter. Cpcm LLC purchased a new position in Microsoft Corporation during the fourth quarter valued at $16,824,000. Flinton Capital Management LLC purchased a new position in Microsoft Corporation during the fourth quarter valued at $55,998,000. Finally, Marietta Wealth Management LLC purchased a new position in Microsoft Corporation during the fourth quarter valued at $2,512,000. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (MSFT) traded up 1.29% during midday trading on Friday, hitting $72.33. 9,128,600 shares of the company traded hands. The company has a 50-day moving average price of $71.64 and a 200-day moving average price of $67.88. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The stock has a market capitalization of $557.10 billion, a P/E ratio of 26.69 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the business posted $0.69 EPS. Microsoft Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post $3.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.18%. Microsoft Corporation’s payout ratio is 57.78%.
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Several research firms have recently weighed in on MSFT. UBS AG reissued a “buy” rating and issued a $82.00 target price (up previously from $73.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Barclays PLC reissued an “overweight” rating and issued a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Canaccord Genuity increased their target price on Microsoft Corporation from $68.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, July 21st. BMO Capital Markets increased their target price on Microsoft Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $76.15.
In other news, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 216,507 shares in the company, valued at $14,962,798.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,060,855 shares of company stock worth $512,251,908 in the last 90 days. 2.99% of the stock is currently owned by company insiders.
About Microsoft Corporation
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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