Welch Investments LLC held its stake in Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,597 shares of the software giant’s stock at the end of the 2nd quarter. Welch Investments LLC’s holdings in Microsoft Corporation were worth $248,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Investec Asset Management LTD grew its position in shares of Microsoft Corporation by 43.5% during the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after buying an additional 2,754,877 shares in the last quarter. State Street Corp grew its position in shares of Microsoft Corporation by 0.8% during the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after buying an additional 2,552,473 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of Microsoft Corporation by 6,647.4% during the second quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock worth $29,715,000 after buying an additional 2,017,899 shares in the last quarter. Steadfast Capital Management LP grew its position in shares of Microsoft Corporation by 63.0% during the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock worth $263,890,000 after buying an additional 1,548,108 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Microsoft Corporation during the first quarter worth about $99,933,000. Institutional investors own 73.35% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. 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. Microsoft Corporation’s payout ratio is currently 53.06%.
In other news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. Insiders sold a total of 7,081,763 shares of company stock worth $513,899,512 in the last three months. Company insiders own 1.49% of the company’s stock.
MSFT has been the subject of a number of analyst reports. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Canaccord Genuity reissued a “buy” rating and set a $94.00 price objective (up from $86.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Morgan Stanley reissued an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, July 13th. Atlantic Securities set a $83.00 price objective on Microsoft Corporation and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research report on Sunday, July 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $82.61.
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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