State of Alaska Department of Revenue boosted its position in Microsoft Corp. (NASDAQ:MSFT) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,130 shares of the software giant’s stock after buying an additional 16,860 shares during the period. Microsoft Corp. accounts for 1.3% of State of Alaska Department of Revenue’s portfolio, making the stock its 18th largest position. State of Alaska Department of Revenue’s holdings in Microsoft Corp. were worth $12,185,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MSFT. Invictus RG bought a new position in shares of Microsoft Corp. during the first quarter worth approximately $107,000. Northstar Group Inc. increased its position in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the last quarter. Wrapmanager Inc. bought a new position in shares of Microsoft Corp. during the first quarter worth approximately $205,000. CLS Investments LLC increased its position in shares of Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock worth $206,000 after buying an additional 3,206 shares during the last quarter. Finally, Windward Capital Management Co. CA increased its position in shares of Microsoft Corp. by 4.0% in the second quarter. Windward Capital Management Co. CA now owns 4,676 shares of the software giant’s stock worth $239,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% during mid-day trading on Friday, reaching $57.42. 27,402,451 shares of the company’s stock traded hands. 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 $447.45 billion, a PE ratio of 27.34 and a beta of 1.09. The firm has a 50 day moving average price of $57.40 and a 200-day moving average price of $54.45.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The company earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter last year, the firm posted $0.60 EPS. On average, analysts predict that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is 70.24%.
A number of brokerages have commented on MSFT. BMO Capital Markets restated a “buy” rating and issued a $57.00 target price on shares of Microsoft Corp. in a research note on Sunday, July 17th. Nomura reiterated a “buy” rating on shares of Microsoft Corp. in a research report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price objective on Microsoft Corp. and gave the stock a “buy” rating in a research report on Thursday, July 21st. JPMorgan Chase & Co. reiterated a “hold” rating and set a $50.00 price objective on shares of Microsoft Corp. in a research report on Monday, July 18th. Finally, Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $56.55 price objective for the company in a research report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $59.55.
In other news, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the transaction, the chief executive officer now owns 1,200,822 shares of the company’s stock, valued at approximately $69,611,651.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Amy Hood sold 120,000 shares of Microsoft Corp. stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $57.86, for a total transaction of $6,943,200.00. Following the completion of the transaction, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by 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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