Shelton Capital Management boosted its stake in Microsoft Corp. (NASDAQ:MSFT) by 15.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 614,626 shares of the software giant’s stock after buying an additional 82,453 shares during the period. Microsoft Corp. makes up about 2.8% of Shelton Capital Management’s portfolio, making the stock its 4th largest position. Shelton Capital Management’s holdings in Microsoft Corp. were worth $31,450,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Microsoft Corp. by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 208,079,583 shares of the software giant’s stock valued at $11,492,235,000 after buying an additional 1,784,020 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Microsoft Corp. by 3.6% in the first quarter. Geode Capital Management LLC now owns 70,613,476 shares of the software giant’s stock valued at $3,892,862,000 after buying an additional 2,455,848 shares during 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 valued at $3,605,281,000 after buying an additional 2,858,044 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Microsoft Corp. by 0.7% in the first quarter. TIAA CREF Investment Management LLC now owns 46,101,471 shares of the software giant’s stock valued at $2,546,184,000 after buying an additional 317,949 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Microsoft Corp. by 8.1% in the first quarter. Legal & General Group Plc now owns 34,230,535 shares of the software giant’s stock valued at $1,890,467,000 after buying an additional 2,567,667 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.10% on Thursday, hitting $57.82. The stock had a trading volume of 19,821,922 shares. The stock has a 50 day moving average of $57.55 and a 200 day moving average of $53.96. 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 $450.56 billion, a price-to-earnings ratio of 27.53 and a beta of 1.08.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The company 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 quarter last year, the company posted $0.60 earnings per share. Equities analysts predict that Microsoft Corp. will post $2.90 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.39 per share. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.70%. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
MSFT has been the topic of several recent research reports. Sanford C. Bernstein set a $68.00 price target on Microsoft Corp. and gave the stock a “buy” rating in a research note on Friday, July 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Microsoft Corp. in a research note on Friday, July 22nd. Argus reaffirmed a “hold” rating on shares of Microsoft Corp. in a research note on Monday, July 25th. Canaccord Genuity reissued a “hold” rating and issued a $55.00 target price on shares of Microsoft Corp. in a report on Wednesday, June 15th. Finally, Independent Research GmbH set a $50.00 target price on Microsoft Corp. and gave the stock a “sell” rating in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.25.
In other news, CEO Satya Nadella sold 143,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 120,000 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $57.86, for a total transaction of $6,943,200.00. Following the sale, the chief financial officer now 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. Company insiders own 3.76% of the company’s stock.
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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