Forte Capital LLC ADV lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,015 shares of the software giant’s stock after selling 648 shares during the period. Forte Capital LLC ADV’s holdings in Microsoft Corporation were worth $897,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hefty Wealth Partners raised its stake in shares of Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares during the period. Asset Planning Services Ltd. grew its position in shares of Microsoft Corporation by 93.0% during 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 in the last quarter. Ullmann Financial Group Inc. acquired a new stake in shares of Microsoft Corporation during the first quarter worth approximately $132,000. Arcus Capital Partners LLC acquired a new stake in shares of Microsoft Corporation during the first quarter worth approximately $205,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Microsoft Corporation during the first quarter worth approximately $209,000. Institutional investors own 73.40% of the company’s stock.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on MSFT. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $88.00 price target (up previously from $78.00) on shares of Microsoft Corporation in a research report on Tuesday, July 18th. Bank of America Corporation reissued a “buy” rating and set a $75.00 price target on shares of Microsoft Corporation in a research report on Friday, June 16th. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price target for the company in a research report on Monday, June 12th. Stifel Nicolaus reissued a “buy” rating and set a $73.00 price target on shares of Microsoft Corporation in a research report on Monday, July 17th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned 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 a consensus price target of $77.44.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.09% during midday trading on Tuesday, hitting $76.36. The company had a trading volume of 6,912,562 shares. Microsoft Corporation has a 12-month low of $56.32 and a 12-month high of $76.63. The firm has a market capitalization of $588.14 billion, a P/E ratio of 28.18 and a beta of 1.01. The firm’s 50-day moving average is $74.20 and its 200-day moving average is $70.80.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, analysts predict that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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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