Point View Wealth Management Inc. Has $3.80 Million Position in Microsoft Corporation (MSFT)
Point View Wealth Management Inc. lessened its holdings in Microsoft Corporation (NASDAQ:MSFT) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,190 shares of the software giant’s stock after selling 470 shares during the quarter. Microsoft comprises approximately 1.9% of Point View Wealth Management Inc.’s investment portfolio, making the stock its largest holding. Point View Wealth Management Inc.’s holdings in Microsoft were worth $3,804,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Investec Asset Management LTD boosted its position in Microsoft by 43.5% in the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after purchasing an additional 2,754,877 shares in the last quarter. State Street Corp boosted its position in Microsoft by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in Microsoft by 6,647.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock worth $29,715,000 after purchasing an additional 2,017,899 shares in the last quarter. Steadfast Capital Management LP boosted its position in Microsoft by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock worth $263,890,000 after purchasing an additional 1,548,108 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Microsoft in the 1st quarter worth approximately $99,933,000. Institutional investors own 73.33% of the company’s stock.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the completion of the sale, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The disclosure for this sale can be found here. Insiders sold a total of 27,000 shares of company stock valued at $2,262,720 over the last ninety days. Corporate insiders own 1.49% of the company’s stock.
Several equities research analysts have commented on the company. Credit Suisse Group set a $84.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub upgraded Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Morgan Stanley set a $88.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Friday, October 27th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research report on Tuesday, November 7th. Finally, Vetr upgraded Microsoft from a “sell” rating to a “hold” rating and set a $82.07 target price on the stock in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $84.48.
Microsoft Corporation (NASDAQ MSFT) opened at $84.26 on Monday. 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. The company has a market capitalization of $650,031.38, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.96 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the prior year, the company earned $0.76 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. equities analysts predict that Microsoft Corporation will post 3.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.99%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 57.14%.
TRADEMARK VIOLATION WARNING: “Point View Wealth Management Inc. Has $3.80 Million Position in Microsoft Corporation (MSFT)” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/12/04/point-view-wealth-management-inc-has-3-80-million-position-in-microsoft-corporation-msft.html.
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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.