Bedrijfstakpensioenfonds Voor DE Media PNO Has $30.74 Million Stake in Microsoft Corporation (MSFT)
Bedrijfstakpensioenfonds Voor DE Media PNO cut its stake in Microsoft Corporation (NASDAQ:MSFT) by 24.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,000 shares of the software giant’s stock after selling 141,600 shares during the period. Microsoft Corporation comprises approximately 3.6% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 2nd largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Microsoft Corporation were worth $30,743,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. 3G Capital Partners LP increased its position in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock valued at $99,955,000 after buying an additional 106,728 shares in the last quarter. Tompkins Financial Corp increased its position in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares in the last quarter. Wealthfront Inc. increased its position in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after buying an additional 31,364 shares in the last quarter. AMF Pensionsforsakring AB increased its position in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock valued at $408,862,000 after buying an additional 606,188 shares in the last quarter. Finally, Dodge & Cox purchased a new stake in Microsoft Corporation during the fourth quarter worth about $2,658,504,000. 72.64% of the stock is currently owned by institutional investors.
Shares of Microsoft Corporation (MSFT) traded down 0.90% during midday trading on Thursday, hitting $72.99. The company’s stock had a trading volume of 8,062,729 shares. The company has a market cap of $562.19 billion, a P/E ratio of 26.93 and a beta of 1.01. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The company has a 50-day moving average price of $71.98 and a 200 day moving average price of $68.17.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. On average, equities research analysts predict that Microsoft Corporation will post $3.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is 57.78%.
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A number of analysts have recently issued reports on MSFT shares. Morgan Stanley restated an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research report on Sunday, July 9th. Cowen and Company restated an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of Microsoft Corporation in a research report on Saturday, July 22nd. Pacific Crest restated a “buy” rating and set a $78.00 price objective (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Finally, William Blair restated an “outperform” rating on shares of Microsoft Corporation in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average target price of $76.15.
In other news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at approximately $14,718,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Insiders sold a total of 7,057,855 shares of company stock worth $512,044,578 over the last three months. 2.99% of the stock is 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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