GWM Advisors LLC Increases Holdings in Microsoft Corporation (MSFT)
GWM Advisors LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 12.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,906 shares of the software giant’s stock after buying an additional 13,988 shares during the period. Microsoft accounts for about 1.5% of GWM Advisors LLC’s holdings, making the stock its 7th largest holding. GWM Advisors LLC’s holdings in Microsoft were worth $8,881,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Beaumont Financial Partners LLC lifted its holdings in Microsoft by 71.4% during the 1st quarter. Beaumont Financial Partners LLC now owns 11,069 shares of the software giant’s stock worth $729,000 after buying an additional 4,610 shares during the last quarter. Verity & Verity LLC lifted its holdings in Microsoft by 3.9% during the 1st quarter. Verity & Verity LLC now owns 131,784 shares of the software giant’s stock worth $8,680,000 after buying an additional 5,000 shares during the last quarter. Bank of Stockton lifted its holdings in shares of Microsoft by 12.6% in the 1st quarter. Bank of Stockton now owns 13,360 shares of the software giant’s stock valued at $879,000 after purchasing an additional 1,500 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Microsoft by 5.4% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 51,495 shares of the software giant’s stock valued at $3,391,000 after purchasing an additional 2,623 shares during the last quarter. Finally, Seminole Management Co. Inc. lifted its holdings in shares of Microsoft by 291.9% in the 1st quarter. Seminole Management Co. Inc. now owns 268,056 shares of the software giant’s stock valued at $17,654,000 after purchasing an additional 199,656 shares during the last quarter. 73.33% of the stock is owned by institutional investors.
Microsoft Corporation (NASDAQ MSFT) opened at $85.58 on Wednesday. The stock has a market capitalization of $657,514.56, a PE ratio of 25.22, a P/E/G ratio of 1.99 and a beta of 0.99. Microsoft Corporation has a 52-week low of $61.95 and a 52-week 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 released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. equities analysts expect that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 57.14%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the transaction, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the business’s 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 transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $3,759,420 in the last quarter. 1.49% of the stock is currently owned by insiders.
Several analysts have recently weighed in on the company. Vetr downgraded Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price for the company. in a report on Monday. Evercore ISI boosted their target price on Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, December 8th. UBS set a $105.00 target price on Microsoft and gave the company a “buy” rating in a report on Friday, December 8th. Sanford C. Bernstein set a $100.00 target price on Microsoft and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $100.00 target price on shares of Microsoft in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $85.28.
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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