Emerald Acquisition Ltd. acquired a new stake in Microsoft Corp. (NASDAQ:MSFT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,682,330 shares of the software giant’s stock, valued at approximately $699,840,000. Microsoft Corp. makes up approximately 1.2% of Emerald Acquisition Ltd.’s holdings, making the stock its 2nd largest position. Emerald Acquisition Ltd. owned about 0.18% of Microsoft Corp. at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Invictus RG bought a new position in shares of Microsoft Corp. during the first quarter valued at about $107,000. Riggs Asset Managment Co. Inc. boosted its stake in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares during the last quarter. Lowe fs LLC boosted its stake in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock valued at $164,000 after buying an additional 44 shares during the last quarter. Northstar Group Inc. boosted its stake in Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the last quarter. Finally, Wrapmanager Inc. purchased a new stake in Microsoft Corp. during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.56% on Monday, hitting $57.10. 10,037,765 shares of the stock traded hands. The stock has a 50-day moving average price of $57.40 and a 200 day moving average price of $54.45. Microsoft Corp. has a 12-month low of $47.02 and a 12-month high of $58.70. The stock has a market cap of $444.95 billion, a P/E ratio of 27.19 and a beta of 1.09.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.72%. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
Several analysts have commented on MSFT shares. Vetr raised shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 target price for the company in a research note on Monday, July 11th. Sanford C. Bernstein set a $68.00 target price on shares of Microsoft Corp. and gave the stock a “buy” rating in a research note on Friday, July 15th. Citigroup Inc. lifted their target price on shares of Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a research note on Thursday, July 7th. Stifel Nicolaus lifted their target price on shares of Microsoft Corp. from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $65.00 target price on shares of Microsoft Corp. in a research note on Saturday, June 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.62.
In other news, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total transaction of $139,850,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider G Mason Morfit sold 18,000,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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