Microsoft Corporation (MSFT) is First Houston Capital Inc.’s 8th Largest Position
First Houston Capital Inc. lessened its holdings in Microsoft Corporation (NASDAQ:MSFT) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 42,300 shares of the software giant’s stock after selling 1,100 shares during the period. Microsoft comprises 2.9% of First Houston Capital Inc.’s holdings, making the stock its 8th biggest position. First Houston Capital Inc.’s holdings in Microsoft were worth $2,916,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hefty Wealth Partners lifted its position in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft in the 1st quarter worth approximately $132,000. Stelac Advisory Services LLC lifted its position in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Opera Trading Capital lifted its position in shares of Microsoft by 1,522.0% in the 2nd 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 during the period. Finally, Baystate Wealth Management LLC lifted its position in shares of Microsoft by 3.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after purchasing an additional 374 shares during the period. 73.35% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the sale, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The sale was disclosed in a legal 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 on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock worth $2,262,720 in the last quarter. Company insiders own 1.49% of the company’s stock.
Several research analysts recently commented on the stock. Goldman Sachs Group set a $88.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, August 11th. Credit Suisse Group set a $84.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Evercore ISI reiterated a “buy” rating and set a $80.00 price objective on shares of Microsoft in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and an average target price of $84.48.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $84.26 on Friday. The firm has a market cap of $649,337.06, a price-to-earnings ratio of 24.90, a PEG ratio of 1.96 and a beta of 0.99. Microsoft Corporation has a 52 week low of $58.80 and a 52 week high of $86.20. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. research analysts forecast that Microsoft Corporation will post 3.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.99%. Microsoft’s payout ratio is currently 57.14%.
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Microsoft 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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