Barbara Oil Co. Has $1,379,000 Stake in Microsoft Corporation (MSFT)
Barbara Oil Co. held its stake in Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,000 shares of the software giant’s stock at the close of the 2nd quarter. Microsoft makes up approximately 1.0% of Barbara Oil Co.’s investment portfolio, making the stock its 29th biggest holding. Barbara Oil Co.’s holdings in Microsoft were worth $1,379,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Investec Asset Management LTD boosted its holdings in shares of Microsoft by 43.5% during the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. State Street Corp boosted its holdings in shares of Microsoft by 0.8% during the 1st 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. Harbour Capital Advisors LLC boosted its holdings in shares of Microsoft by 6,647.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock valued at $29,715,000 after purchasing an additional 2,017,899 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Microsoft by 54.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,289,611 shares of the software giant’s stock valued at $364,613,000 after acquiring an additional 1,865,671 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its holdings in shares of Microsoft by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after acquiring an additional 1,548,108 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.
A number of brokerages recently commented on MSFT. Vetr raised shares of Microsoft from a “buy” rating to a “strong-buy” rating and set a $94.25 price target for the company in a report on Monday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $100.00 price target on shares of Microsoft in a report on Monday, November 27th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $100.00 price target on shares of Microsoft in a report on Wednesday, November 15th. Goldman Sachs Group set a $92.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $84.59.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total transaction of $333,760.00. Following the transaction, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $3,759,420. Corporate insiders own 1.49% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $82.78 on Thursday. The firm has a market cap of $629,433.38, a PE ratio of 24.14, a P/E/G ratio of 1.90 and a beta of 0.99. Microsoft Corporation has a 1 year low of $59.80 and a 1 year high of $86.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The business 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 company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. equities research analysts predict that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.
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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