Copeland Capital Management LLC Has $221,000 Holdings in Microsoft Corporation (MSFT)
Copeland Capital Management LLC lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,211 shares of the software giant’s stock after selling 190 shares during the period. Copeland Capital Management LLC’s holdings in Microsoft Corporation were worth $221,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northstar Group Inc. grew its holdings in Microsoft Corporation by 0.3% during the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after acquiring an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc grew its holdings in Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after acquiring an additional 13 shares in the last quarter. New Capital Management LP grew its holdings in Microsoft Corporation by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after acquiring an additional 22 shares in the last quarter. Nottingham Advisors Inc. grew its holdings in Microsoft Corporation by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after acquiring an additional 22 shares in the last quarter. Finally, Vista Capital Partners Inc. grew its holdings in Microsoft Corporation by 0.4% during the 1st quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock worth $620,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 73.40% of the company’s stock.
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In other news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 8th. The shares were 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. Over the last quarter, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on MSFT. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $88.00 price objective (up previously from $78.00) on shares of Microsoft Corporation in a research report on Tuesday, July 18th. Bank of America Corporation restated a “buy” rating and set a $75.00 price objective on shares of Microsoft Corporation in a research report on Friday, June 16th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price objective for the company in a research report on Monday, June 12th. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research report on Monday, July 17th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.72.
Microsoft Corporation (MSFT) traded down 0.4468% on Thursday, reaching $74.6052. 7,358,871 shares of the company traded hands. The stock has a market capitalization of $574.63 billion, a price-to-earnings ratio of 27.5296 and a beta of 1.00. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97. The firm has a 50 day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation also saw some unusual options trading on Wednesday. Stock traders acquired 29,563 put options on the stock. This is an increase of approximately 118% compared to the typical daily volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post $3.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is 57.78%.
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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