Beck Mack & Oliver LLC lowered its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,567,032 shares of the software giant’s stock after selling 25,998 shares during the period. Microsoft Corp. comprises approximately 2.8% of Beck Mack & Oliver LLC’s holdings, making the stock its 5th largest position. Beck Mack & Oliver LLC’s holdings in Microsoft Corp. were worth $80,185,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Microsoft Corp. during the fourth quarter valued at $3,689,539,000. NN Investment Partners Holdings N.V. bought a new position in Microsoft Corp. during the first quarter valued at $370,367,000. Alecta Pensionsforsakring Omsesidigt bought a new position in Microsoft Corp. during the first quarter valued at $229,204,000. American Century Companies Inc. increased its position in 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 valued at $817,528,000 after buying an additional 3,870,851 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in 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 valued at $919,310,000 after buying an additional 3,407,829 shares in the last quarter. 71.65% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.21% during midday trading on Tuesday, reaching $56.81. The company’s stock had a trading volume of 17,380,232 shares. The stock’s 50-day moving average price is $57.51 and its 200 day moving average price is $53.89. Microsoft Corp. has a 1-year low of $43.05 and a 1-year high of $58.70. The firm has a market capitalization of $442.69 billion, a PE ratio of 27.05 and a beta of 1.08.
Microsoft Corp. (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The company had revenue of $22.60 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. Equities analysts anticipate that Microsoft Corp. will post $2.90 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.75%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is currently 70.24%.
Several equities analysts have recently weighed in on MSFT shares. Vetr raised Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 target price on the stock in a research report on Monday, July 11th. Sanford C. Bernstein set a $68.00 price objective on Microsoft Corp. and gave the company a “buy” rating in a research report on Friday, July 15th. Citigroup Inc. upped their price objective 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 objective 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 reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Microsoft Corp. in a research report on Saturday, June 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $59.25.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 120,000 shares of Microsoft Corp. stock in a transaction on Monday, August 8th. The shares were sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the sale, the chief financial officer now owns 523,425 shares in the company, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is 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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