Microsoft Corporation (MSFT) Shares Bought by Northeast Financial Consultants Inc
Northeast Financial Consultants Inc grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,100 shares of the software giant’s stock after acquiring an additional 1,500 shares during the period. Northeast Financial Consultants Inc’s holdings in Microsoft Corporation were worth $696,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. boosted its holdings in Microsoft Corporation by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares in the last quarter. Hefty Wealth Partners boosted its holdings in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. boosted its holdings in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in Microsoft Corporation in the first quarter worth $132,000. Finally, Opera Trading Capital boosted its holdings in Microsoft Corporation by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares in the last quarter. Institutional investors and hedge funds own 73.37% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 78.81 on Friday. The firm has a market capitalization of $607.01 billion, a price-to-earnings ratio of 29.08 and a beta of 1.01. The firm has a 50-day moving average of $75.30 and a 200 day moving average of $71.50. Microsoft Corporation has a 12-month low of $57.28 and a 12-month high of $78.97.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period in the prior year, the firm posted $0.69 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Microsoft Corporation will post $3.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.42 dividend. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
In other news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the SEC, which is available at 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 shares were 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. Over the last ninety days, insiders sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.
A number of brokerages recently issued reports on MSFT. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Barclays PLC reiterated an “overweight” rating and issued a $82.00 price objective (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Raymond James Financial, Inc. upped their price objective on shares of Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a report on Friday, July 21st. MKM Partners reiterated a “neutral” rating and issued a $70.00 price objective (up from $66.00) on shares of Microsoft Corporation in a report on Sunday, July 23rd. Finally, BidaskClub cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $78.13.
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Microsoft Corporation Company 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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