Camarda Financial Advisors LLC Has $743,000 Holdings in Microsoft Corporation (MSFT)
Camarda Financial Advisors LLC lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,777 shares of the software giant’s stock after selling 608 shares during the period. Camarda Financial Advisors LLC’s holdings in Microsoft Corporation were worth $743,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. State Street Corp grew its holdings in Microsoft Corporation by 0.8% during the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Microsoft Corporation by 2.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock valued at $1,907,648,000 after purchasing an additional 638,798 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Microsoft Corporation by 1.1% during the first quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock valued at $1,228,456,000 after purchasing an additional 199,259 shares during the last quarter. Sanders Capital LLC grew its holdings in Microsoft Corporation by 1.8% during the first quarter. Sanders Capital LLC now owns 11,856,396 shares of the software giant’s stock valued at $803,298,000 after purchasing an additional 211,000 shares during the last quarter. Finally, Boston Partners grew its holdings in Microsoft Corporation by 14.1% during the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after purchasing an additional 1,435,233 shares during the last quarter. Institutional investors own 73.37% of the company’s stock.
Microsoft Corporation (MSFT) traded up 0.12% during trading on Wednesday, hitting $77.68. The stock had a trading volume of 5,676,044 shares. The stock has a 50 day moving average of $74.73 and a 200 day moving average of $71.14. The firm has a market capitalization of $598.31 billion, a P/E ratio of 28.66 and a beta of 1.01. Microsoft Corporation has a one year low of $56.66 and a one year high of $77.87.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. Equities research analysts expect that Microsoft Corporation will post $3.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.17%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
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In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was 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 owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,108,526 shares of company stock worth $515,879,974. Corporate insiders own 2.99% of the company’s stock.
MSFT has been the topic of several analyst reports. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the company a “buy” rating in a report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Microsoft Corporation in a report on Sunday, July 9th. Finally, Morningstar, Inc. reissued a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $77.66.
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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