Microsoft Corporation (MSFT) is Douglas Lane & Associates LLC’s 6th Largest Position
Douglas Lane & Associates LLC reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,172,178 shares of the software giant’s stock after selling 11,507 shares during the period. Microsoft Corporation comprises about 1.9% of Douglas Lane & Associates LLC’s holdings, making the stock its 6th largest position. Douglas Lane & Associates LLC’s holdings in Microsoft Corporation were worth $80,798,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in MSFT. Norges Bank bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at $4,334,099,000. Dodge & Cox bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at $2,658,504,000. Viking Global Investors LP increased its stake in shares of Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock valued at $1,363,976,000 after buying an additional 8,282,782 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at $371,918,000. Finally, Janus Capital Management LLC increased 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 during the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.
Microsoft Corporation (MSFT) traded up 0.12% during trading on Friday, reaching $72.49. The company’s stock had a trading volume of 18,761,491 shares. The firm has a market capitalization of $558.34 billion, a P/E ratio of 26.75 and a beta of 1.01. The stock has a 50-day moving average of $72.16 and a 200 day moving average of $68.26. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Corporation will post $3.21 EPS for the current fiscal year.
The company 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. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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Several analysts have weighed in on MSFT shares. Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research downgraded Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $77.00 price objective (up previously from $73.00) on shares of Microsoft Corporation in a research report on Monday, May 1st. Pacific Crest reiterated a “buy” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Finally, Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price objective for the company in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.26.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold 7,057,855 shares of company stock worth $512,044,578 over the last 90 days. 2.99% of the stock is owned by 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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