Cornerstone Advisors Inc. Cuts Stake in Microsoft Corporation (MSFT)

Cornerstone Advisors Inc. cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,451 shares of the software giant’s stock after selling 1,124 shares during the period. Microsoft Corporation makes up approximately 1.2% of Cornerstone Advisors Inc.’s holdings, making the stock its 9th largest position. Cornerstone Advisors Inc.’s holdings in Microsoft Corporation were worth $2,137,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MSFT. FMR LLC raised its stake in Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock worth $11,020,210,000 after buying an additional 17,606,133 shares during the period. Norges Bank acquired a new stake in Microsoft Corporation during the fourth quarter worth approximately $4,334,099,000. Janus Capital Management LLC raised its stake in Microsoft Corporation by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock worth $3,061,887,000 after buying an additional 4,250,705 shares during the period. Dodge & Cox acquired a new stake in Microsoft Corporation during the fourth quarter worth approximately $2,658,504,000. Finally, Viking Global Investors LP raised its stake in Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock worth $1,363,976,000 after buying an additional 8,282,782 shares during the period. Institutional investors and hedge funds own 72.64% of the company’s stock.

Shares of Microsoft Corporation (MSFT) traded up 0.12% during midday trading on Friday, reaching $72.49. 18,761,491 shares of the company’s stock were exchanged. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The stock has a market capitalization of $558.34 billion, a P/E ratio of 26.75 and a beta of 1.01. The firm has a 50-day moving average of $72.16 and a 200-day moving average of $68.26.

Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Analysts anticipate that Microsoft Corporation will post $3.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

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MSFT has been the topic of a number of recent research reports. Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research lowered Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $77.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a research note on Monday, May 1st. Pacific Crest reissued a “buy” rating and issued a $78.00 price target (up previously from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Finally, Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price target on the stock in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Microsoft Corporation currently has an average rating of “Buy” and an average target price of $76.26.

In related news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares in the company, valued at $14,718,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 570,843 shares of the company’s stock, valued at $39,388,167. The disclosure for this sale can be found here. Insiders have sold 7,057,855 shares of company stock valued at $512,044,578 over the last three months. 2.99% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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