Fort Washington Investment Advisors Inc. OH increased its position in Microsoft Corporation (NASDAQ:MSFT) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,236,337 shares of the software giant’s stock after buying an additional 41,901 shares during the period. Microsoft Corporation accounts for approximately 2.4% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 7th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in Microsoft Corporation were worth $147,187,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Asset Planning Services Ltd. raised its stake in shares of 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 stake in shares of Microsoft Corporation during the fourth quarter worth approximately $155,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Microsoft Corporation during the fourth quarter worth approximately $161,000. Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Microsoft Corporation during the fourth quarter worth approximately $205,000. Finally, Arcus Capital Partners LLC acquired a new stake in shares of Microsoft Corporation during the first quarter worth approximately $205,000. 72.64% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corporation (NASDAQ MSFT) opened at 72.49 on Friday. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The firm has a 50-day moving average price of $72.16 and a 200-day moving average price of $68.26. The firm has a market cap of $558.34 billion, a price-to-earnings ratio of 26.75 and a beta of 1.01.
The company also recently disclosed 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 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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MSFT has been the subject of a number of research reports. Sanford C. Bernstein restated a “buy” rating and set a $81.00 price objective on shares of Microsoft Corporation in a research report on Friday, April 28th. Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research report on Friday, April 28th. Pacific Crest restated a “buy” rating and set a $78.00 price objective (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) raised their price objective on Microsoft Corporation from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $71.81 price objective for the company in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have given a buy rating to the stock. Microsoft Corporation has a consensus rating of “Buy” and an average target price of $76.26.
In related news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,057,855 shares of company stock worth $512,044,578. 2.99% of the stock is currently owned by company 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.
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