Murphy Capital Management Inc. reduced its position in Microsoft Corp. (NASDAQ:MSFT) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 63,699 shares of the software giant’s stock after selling 658 shares during the period. Murphy Capital Management Inc.’s holdings in Microsoft Corp. were worth $3,259,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of Microsoft Corp. by 7.6% in the second quarter. State of Alaska Department of Revenue now owns 238,130 shares of the software giant’s stock worth $12,185,000 after buying an additional 16,860 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Microsoft Corp. by 0.7% in the second quarter. Private Trust Co. NA now owns 127,517 shares of the software giant’s stock worth $6,524,000 after buying an additional 881 shares during the last quarter. Charter Trust Co. increased its stake in shares of Microsoft Corp. by 6.0% in the second quarter. Charter Trust Co. now owns 126,343 shares of the software giant’s stock worth $6,465,000 after buying an additional 7,168 shares during the last quarter. Cape ANN Savings Bank increased its stake in shares of Microsoft Corp. by 2.6% in the second quarter. Cape ANN Savings Bank now owns 20,432 shares of the software giant’s stock worth $1,045,000 after buying an additional 525 shares during the last quarter. Finally, Catawba Capital Management VA increased its stake in shares of Microsoft Corp. by 4.2% in the second quarter. Catawba Capital Management VA now owns 175,236 shares of the software giant’s stock worth $8,967,000 after buying an additional 7,053 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% on Friday, hitting $57.42. The company had a trading volume of 27,402,451 shares. The company has a market capitalization of $447.45 billion, a price-to-earnings ratio of 27.34 and a beta of 1.09. Microsoft Corp. has a 52 week low of $47.02 and a 52 week high of $58.70. The stock’s 50-day moving average is $57.40 and its 200 day moving average is $54.45.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings results 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 return on equity of 29.38% and a net margin of 19.33%. The company earned $22.60 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period last year, the business posted $0.60 earnings per share. Equities analysts expect that Microsoft Corp. will post $2.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 2.72%. Microsoft Corp.’s dividend payout ratio (DPR) is 70.24%.
A number of equities research analysts have recently issued reports on the stock. Nomura reissued a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a report on Thursday. Zacks Investment Research raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Thursday. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.95 price target on the stock in a report on Tuesday. Credit Agricole SA reissued an “outperform” rating and issued a $60.00 price target on shares of Microsoft Corp. in a report on Wednesday, October 5th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Microsoft Corp. in a research note on Friday, September 30th. Three equities 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. The company currently has an average rating of “Buy” and an average price target of $59.55.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 1,200,822 shares in the company, valued at $69,611,651.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction dated 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 company 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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