Mcmillion Capital Management Inc. cut its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 103,289 shares of the software giant’s stock after selling 867 shares during the period. Microsoft Corporation comprises about 4.6% of Mcmillion Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Mcmillion Capital Management Inc.’s holdings in Microsoft Corporation were worth $6,803,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Asset Planning Services Ltd. boosted its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the last quarter. Pacific Center for Financial Services acquired a new position in Microsoft Corporation during the fourth quarter worth about $155,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Microsoft Corporation during the fourth quarter worth about $161,000. Arcus Capital Partners LLC acquired a new position in Microsoft Corporation during the first quarter worth about $205,000. Finally, Towercrest Capital Management acquired a new position in Microsoft Corporation during the first quarter worth about $209,000. 72.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (MSFT) traded down 0.52% during midday trading on Friday, reaching $72.02. The company had a trading volume of 7,025,203 shares. The company has a 50 day moving average price of $72.05 and a 200-day moving average price of $68.20. The firm has a market capitalization of $554.72 billion, a P/E ratio of 26.58 and a beta of 1.01. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same period in the previous year, the business earned $0.69 EPS. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Microsoft Corporation will post $3.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. Microsoft Corporation’s dividend payout ratio is 57.78%.
A number of research firms have issued reports on MSFT. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a $88.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 target price for the company in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-eight have given a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $76.15.
In other news, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now directly owns 570,843 shares in the company, valued at approximately $39,388,167. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,057,855 shares of company stock valued at $512,044,578 over the last quarter. 2.99% of the stock is owned by company insiders.
About Microsoft Corporation
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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