Microsoft Corporation (MSFT) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,174 shares of the software giant’s stock after selling 1,667 shares during the period. Microsoft Corporation accounts for 1.3% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 16th biggest holding. Ingalls & Snyder LLC’s holdings in Microsoft Corporation were worth $24,551,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MSFT. S&CO Inc. raised its position in shares of Microsoft Corporation by 3.8% during the second quarter. S&CO Inc. now owns 90,851 shares of the software giant’s stock valued at $6,262,000 after buying an additional 3,325 shares during the last quarter. River Wealth Advisors LLC raised its position in shares of Microsoft Corporation by 6.4% during the second quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after buying an additional 1,517 shares during the last quarter. Supplemental Annuity Collective Trust of NJ raised its position in shares of Microsoft Corporation by 2.3% during the second quarter. Supplemental Annuity Collective Trust of NJ now owns 90,000 shares of the software giant’s stock valued at $6,204,000 after buying an additional 2,000 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Microsoft Corporation by 5.4% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 3,107 shares of the software giant’s stock valued at $214,000 after buying an additional 158 shares during the last quarter. Finally, Grove Bank & Trust raised its position in shares of Microsoft Corporation by 33.9% during the second quarter. Grove Bank & Trust now owns 16,106 shares of the software giant’s stock valued at $1,110,000 after buying an additional 4,079 shares during the last quarter. 73.35% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have recently commented on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $100.00 price objective on shares of Microsoft Corporation in a research report on Friday. Oppenheimer Holdings, Inc. upped their price objective on shares of Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, October 31st. Argus raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $57.28 to $95.00 in a research report on Tuesday, October 31st. Finally, Vetr raised shares of Microsoft Corporation from a “sell” rating to a “hold” rating and set a $82.07 price objective for the company in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft Corporation currently has an average rating of “Buy” and an average target price of $83.02.

Microsoft Corporation (NASDAQ:MSFT) opened at $84.14 on Monday. The firm has a market cap of $649,105.63, a price-to-earnings ratio of 24.89, a P/E/G ratio of 1.97 and a beta of 1.01. Microsoft Corporation has a 12-month low of $57.28 and a 12-month high of $86.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. equities analysts forecast that Microsoft Corporation will post 3.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is 53.06%.

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 shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,096,763 shares of company stock valued at $515,160,712. 1.49% of the stock is 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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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