Balasa Dinverno & Foltz LLC cut its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,394 shares of the software giant’s stock after selling 1,713 shares during the period. Microsoft Corp. makes up approximately 0.4% of Balasa Dinverno & Foltz LLC’s holdings, making the stock its 21st largest position. Balasa Dinverno & Foltz LLC’s holdings in Microsoft Corp. were worth $1,965,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Invictus RG purchased a new position in shares of Microsoft Corp. during the first quarter worth $107,000. Northstar Group Inc. raised 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 in the last quarter. Wrapmanager Inc. purchased a new position in shares of Microsoft Corp. during the first quarter worth $205,000. CLS Investments LLC raised 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 in the last quarter. Finally, Westend Capital Management LLC purchased a new position in shares of Microsoft Corp. during the first quarter worth $244,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.67% during mid-day trading on Friday, hitting $57.43. The stock had a trading volume of 19,955,336 shares. Microsoft Corp. has a 12-month low of $43.05 and a 12-month high of $58.70. The firm has a market cap of $447.52 billion, a PE ratio of 27.35 and a beta of 1.08. The company has a 50-day moving average of $57.58 and a 200-day moving average of $54.03.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period last year, the company posted $0.60 EPS. Analysts expect that Microsoft Corp. will post $2.90 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.72%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is currently 70.24%.
A number of research analysts have recently weighed in on MSFT shares. Bank of America Corp. reissued a “buy” rating on shares of Microsoft Corp. in a report on Friday, June 10th. Nomura reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Wednesday, June 8th. Evercore ISI reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Monday, June 13th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Tuesday, June 14th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $65.00 target price on shares of Microsoft Corp. in a report on Wednesday, June 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.35.
In related news, CFO Amy Hood sold 120,000 shares of the stock in a transaction on Monday, August 8th. The stock was 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 directly owns 523,425 shares in the company, valued at approximately $30,285,370.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction on Thursday, July 21st. The shares were 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 corporate 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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