Texan Capital Management raised its stake in Microsoft Corp. (NASDAQ:MSFT) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 48,937 shares of the software giant’s stock after buying an additional 94 shares during the period. Microsoft Corp. makes up about 1.1% of Texan Capital Management’s investment portfolio, making the stock its 26th largest position. Texan Capital Management’s holdings in Microsoft Corp. were worth $2,504,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of MSFT. Gierl Augustine Investment Management Inc boosted its stake in shares of Microsoft Corp. by 95.0% in the first quarter. Gierl Augustine Investment Management Inc now owns 7,728 shares of the software giant’s stock valued at $427,000 after buying an additional 3,765 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Microsoft Corp. by 2.2% in the first quarter. Capital Investment Advisors LLC now owns 94,670 shares of the software giant’s stock valued at $5,229,000 after buying an additional 2,043 shares in the last quarter. Culbertson A N & Co. Inc. acquired a new stake in shares of Microsoft Corp. during the first quarter valued at approximately $6,676,000. Perkins Coie Trust Co boosted its stake in shares of Microsoft Corp. by 6.8% in the first quarter. Perkins Coie Trust Co now owns 101,223 shares of the software giant’s stock valued at $5,589,000 after buying an additional 6,413 shares in the last quarter. Finally, Mission Wealth Management LLC boosted its stake in shares of Microsoft Corp. by 13.2% in the first quarter. Mission Wealth Management LLC now owns 19,733 shares of the software giant’s stock valued at $1,090,000 after buying an additional 2,296 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.37% during mid-day trading on Thursday, hitting $56.90. 11,742,651 shares of the stock traded hands. The stock has a market cap of $443.39 billion, a price-to-earnings ratio of 27.10 and a beta of 1.09. The firm’s 50-day moving average is $57.45 and its 200-day moving average is $54.41. Microsoft Corp. has a 52 week low of $46.53 and a 52 week high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. The firm earned $22.60 billion during the quarter, compared to the consensus estimate 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 EPS. On average, analysts forecast that Microsoft Corp. will post $2.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.73%. Microsoft Corp.’s payout ratio is presently 70.24%.
Several research analysts recently weighed in on the stock. Canaccord Genuity reissued a “hold” rating and set a $55.00 price objective on shares of Microsoft Corp. in a research note on Wednesday, June 15th. Deutsche Bank AG reissued a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a research note on Wednesday, June 15th. Nomura reissued a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a research note on Wednesday, June 15th. Vetr lowered shares of Microsoft Corp. from a “strong-buy” rating to a “buy” rating and set a $56.28 price objective on the stock. in a research note on Tuesday, June 21st. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a $62.50 price objective on shares of Microsoft Corp. in a research note on Saturday, June 25th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $59.55.
In related news, insider G Mason Morfit sold 18,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total value of $1,010,160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satya Nadella sold 143,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,200,822 shares of the company’s stock, valued at approximately $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is owned by corporate 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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