Bowen Hanes & Co. Inc. boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,058 shares of the software giant’s stock after acquiring an additional 1,975 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Microsoft Corporation were worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. lifted its position in Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the period. Hefty Wealth Partners lifted its position in Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the period. Ullmann Financial Group Inc. acquired a new stake in shares of Microsoft Corporation in the 1st quarter valued at approximately $132,000. Opera Trading Capital lifted its holdings in shares of Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after buying an additional 2,283 shares during the period. Finally, Brouwer & Janachowski LLC acquired a new stake in shares of Microsoft Corporation in the 2nd quarter valued at approximately $203,000. 73.37% of the stock is owned by institutional investors.

MSFT has been the subject of several recent analyst reports. Raymond James Financial, Inc. raised their price target on Microsoft Corporation to $84.00 and gave the company a “buy” rating in a report on Friday, July 21st. Deutsche Bank AG reissued a “buy” rating and issued a $85.00 price target (up from $80.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $88.00 price target (up from $78.00) on shares of Microsoft Corporation in a report on Tuesday, July 18th. Stifel Nicolaus reissued a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a report on Monday, July 17th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $83.00 price target (up from $75.00) on shares of Microsoft Corporation in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company. Microsoft Corporation currently has an average rating of “Buy” and a consensus price target of $83.64.

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Shares of Microsoft Corporation (NASDAQ MSFT) opened at $83.87 on Monday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $647,022.69, a PE ratio of 24.81, a P/E/G ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a fifty-two week low of $57.28 and a fifty-two week high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. equities analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. Microsoft Corporation’s dividend payout ratio is 53.06%.

In related news, CFO Amy Hood sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold 96,763 shares of company stock valued at $7,240,712 over the last ninety days. Corporate insiders own 1.49% of the company’s stock.

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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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