Microsoft Corporation (MSFT) Stake Held by Factory Mutual Insurance Co.
Factory Mutual Insurance Co. held its stake in Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,335,900 shares of the software giant’s stock at the close of the 2nd quarter. Microsoft Corporation makes up approximately 1.9% of Factory Mutual Insurance Co.’s investment portfolio, making the stock its 7th biggest holding. Factory Mutual Insurance Co.’s holdings in Microsoft Corporation were worth $161,014,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of MSFT. RMB Capital Management LLC increased its stake in Microsoft Corporation by 162.8% in the 4th quarter. RMB Capital Management LLC now owns 51,777 shares of the software giant’s stock worth $3,217,000 after buying an additional 32,077 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Microsoft Corporation by 24.2% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 18,780 shares of the software giant’s stock valued at $1,167,000 after purchasing an additional 3,660 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Microsoft Corporation by 18.6% during the 4th quarter. Perigon Wealth Management LLC now owns 52,593 shares of the software giant’s stock valued at $3,399,000 after purchasing an additional 8,238 shares during the last quarter. USA Financial Portformulas Corp bought a new position in shares of Microsoft Corporation during the 4th quarter valued at about $12,065,000. Finally, Hendley & Co. Inc. boosted its holdings in shares of Microsoft Corporation by 0.3% during the 4th quarter. Hendley & Co. Inc. now owns 90,277 shares of the software giant’s stock valued at $5,610,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.
Several research analysts have commented on the stock. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price objective for the company. in a report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price objective on shares of Microsoft Corporation in a report on Monday. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.72.
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In other news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. 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 firm’s 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. In 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 company insiders.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.05% on Friday, reaching $74.25. 5,850,140 shares of the company were exchanged. The stock has a market capitalization of $571.89 billion, a price-to-earnings ratio of 27.40 and a beta of 1.00. The stock has a 50-day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation has a 52 week low of $56.32 and a 52 week high of $75.97. Microsoft Corporation also was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 29,563 put options on the company. This represents an increase of approximately 118% compared to the average daily volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Analysts forecast that Microsoft Corporation will post $3.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.26%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
Microsoft Corporation 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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