Middleton & Co Inc MA lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,882 shares of the software giant’s stock after selling 3,065 shares during the period. Microsoft Corporation comprises 1.9% of Middleton & Co Inc MA’s holdings, making the stock its 14th largest position. Middleton & Co Inc MA’s holdings in Microsoft Corporation were worth $8,815,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in Microsoft Corporation by 36.1% in the fourth quarter. Sunbelt Securities Inc. now owns 4,822 shares of the software giant’s stock worth $300,000 after buying an additional 1,280 shares during the period. J. Goldman & Co LP purchased a new stake in Microsoft Corporation during the fourth quarter worth approximately $1,715,000. Rafferty Asset Management LLC increased its stake in Microsoft Corporation by 6.4% in the fourth quarter. Rafferty Asset Management LLC now owns 23,864 shares of the software giant’s stock worth $1,483,000 after buying an additional 1,432 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX increased its stake in Microsoft Corporation by 12.6% in the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 15,762 shares of the software giant’s stock worth $979,000 after buying an additional 1,765 shares during the period. Finally, Axiom International Investors LLC DE increased its stake in Microsoft Corporation by 29.4% in the fourth quarter. Axiom International Investors LLC DE now owns 809,570 shares of the software giant’s stock worth $50,307,000 after buying an additional 184,097 shares during the period. 72.64% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corporation (MSFT) traded up 0.12% during midday trading on Friday, reaching $72.49. The company’s stock had a trading volume of 18,761,491 shares. The company has a 50 day moving average of $72.16 and a 200-day moving average of $68.26. The company has a market capitalization of $558.34 billion, a P/E ratio of 26.75 and a beta of 1.01. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Equities research analysts anticipate that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid 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 is presently 57.78%.
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A number of brokerages have issued reports on MSFT. UBS AG reissued a “buy” rating and issued a $82.00 price target (up from $73.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Barclays PLC reissued an “overweight” rating and issued a $82.00 price target (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Canaccord Genuity boosted their price target on Microsoft Corporation from $68.00 to $76.00 and gave the company a “hold” rating in a report on Friday, July 21st. BMO Capital Markets boosted their price target on Microsoft Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 price target on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Two equities research 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. Microsoft Corporation presently has an average rating of “Buy” and an average price target of $76.26.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the transaction, the executive vice president now 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 90 days, insiders have sold 7,057,855 shares of company stock worth $512,044,578. 2.99% of the stock is currently owned by 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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