Gratus Capital LLC boosted its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 25.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 157,530 shares of the software giant’s stock after buying an additional 32,385 shares during the period. Microsoft Corp. comprises approximately 1.2% of Gratus Capital LLC’s investment portfolio, making the stock its 14th largest position. Gratus Capital LLC’s holdings in Microsoft Corp. were worth $8,061,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. purchased a new stake in shares of Microsoft Corp. during the first quarter worth about $370,367,000. American Century Companies Inc. boosted its stake in shares of Microsoft Corp. by 32.0% in the second quarter. American Century Companies Inc. now owns 15,976,699 shares of the software giant’s stock worth $817,528,000 after buying an additional 3,870,851 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Microsoft Corp. by 51.3% in the first quarter. 1832 Asset Management L.P. now owns 10,051,624 shares of the software giant’s stock worth $919,310,000 after buying an additional 3,407,829 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Microsoft Corp. by 4.6% in the first quarter. BlackRock Group LTD now owns 65,277,591 shares of the software giant’s stock worth $3,605,281,000 after buying an additional 2,858,044 shares in the last quarter. Finally, Virginia Retirement System purchased a new stake in shares of Microsoft Corp. during the first quarter worth about $129,152,000. Institutional investors and hedge funds own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 1.38% during mid-day trading on Tuesday, reaching $57.24. The company’s stock had a trading volume of 8,396,522 shares. The company has a market cap of $446.04 billion, a PE ratio of 27.26 and a beta of 1.09. Microsoft Corp. has a 12-month low of $46.53 and a 12-month high of $58.70. The firm’s 50 day moving average is $57.49 and its 200-day moving average is $54.37.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The firm had revenue of $22.60 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities analysts anticipate that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.69%. Microsoft Corp.’s dividend payout ratio is presently 70.24%.
Several equities research analysts have recently weighed in on MSFT shares. Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 price target on the stock in a research report on Monday, July 11th. Sanford C. Bernstein set a $68.00 price target on Microsoft Corp. and gave the company a “buy” rating in a research report on Friday, July 15th. Citigroup Inc. upped their price target on Microsoft Corp. from $36.00 to $37.00 and gave the company a “sell” rating in a research report on Thursday, July 7th. Stifel Nicolaus upped their price target on Microsoft Corp. from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 20th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $65.00 price target on shares of Microsoft Corp. in a research report on Saturday, June 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. Microsoft Corp. currently has an average rating of “Buy” and an average target price of $59.41.
In other news, CEO Satya Nadella sold 143,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the sale, the chief executive officer now owns 1,200,822 shares in the company, valued at $69,611,651.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is owned by insiders.
Microsoft Corp. Company Profile
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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