Smithbridge Asset Management Inc. DE reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,206 shares of the software giant’s stock after selling 2,750 shares during the period. Microsoft Corporation accounts for about 4.0% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 4th largest position. Smithbridge Asset Management Inc. DE’s holdings in Microsoft Corporation were worth $4,908,000 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 the company. 3G Capital Partners LP boosted its position in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after buying an additional 106,728 shares in the last quarter. Tompkins Financial Corp raised its stake in Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares during the last quarter. Wealthfront Inc. raised its stake in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after buying an additional 31,364 shares in the last quarter. AMF Pensionsforsakring AB raised its stake in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock worth $408,862,000 after buying an additional 606,188 shares in the last quarter. Finally, Dodge & Cox bought a new stake in shares of Microsoft Corporation during the fourth quarter worth $2,658,504,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Microsoft Corporation (MSFT) opened at 72.50 on Friday. The stock has a 50 day moving average of $71.70 and a 200 day moving average of $67.95. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The company has a market cap of $558.41 billion, a PE ratio of 26.75 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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A number of analysts have commented on the stock. Credit Suisse Group set a $84.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday. Sanford C. Bernstein set a $87.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday. BidaskClub lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) set a $88.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price target on the stock in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $76.15.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Insiders have sold 7,060,855 shares of company stock valued at $512,251,908 in the last ninety days. Corporate insiders own 2.99% of the company’s stock.
Microsoft Corporation 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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