Check Capital Management Inc. CA trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 6.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,231 shares of the software giant’s stock after selling 528 shares during the period. Check Capital Management Inc. CA’s holdings in Microsoft were worth $713,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Osterweis Capital Management Inc. grew its stake in Microsoft by 40.2% in the first quarter. Osterweis Capital Management Inc. now owns 427,300 shares of the software giant’s stock worth $39,000,000 after purchasing an additional 122,615 shares in the last quarter. Skye Global Management LP grew its stake in Microsoft by 174.8% in the first quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock worth $182,440,000 after purchasing an additional 1,271,400 shares in the last quarter. HC Financial Advisors Inc. acquired a new position in Microsoft in the fourth quarter worth about $2,206,000. FCG Advisors LLC grew its stake in Microsoft by 19.6% in the first quarter. FCG Advisors LLC now owns 25,098 shares of the software giant’s stock worth $2,291,000 after purchasing an additional 4,111 shares in the last quarter. Finally, Middleton & Co Inc MA grew its stake in Microsoft by 1.5% in the second quarter. Middleton & Co Inc MA now owns 55,349 shares of the software giant’s stock worth $5,457,000 after purchasing an additional 838 shares in the last quarter. Institutional investors and hedge funds own 71.85% of the company’s stock.
In related news, insider Jean Philippe Courtois sold 28,939 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $3,183,290.00. Following the sale, the insider now owns 500,782 shares of the company’s stock, valued at $55,086,020. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 203,418 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $106.68, for a total value of $21,700,632.24. Following the sale, the chief executive officer now directly owns 1,014,247 shares in the company, valued at approximately $108,199,869.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 797,519 shares of company stock worth $86,904,423. 1.38% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on MSFT. Oppenheimer reissued a “buy” rating and issued a $127.00 target price on shares of Microsoft in a report on Monday, September 24th. Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 target price on the stock in a report on Friday, October 12th. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, August 27th. Royal Bank of Canada set a $124.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, September 10th. Finally, BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $121.88.
MSFT opened at $107.51 on Tuesday. The company has a market cap of $817.41 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88. Microsoft Co. has a twelve month low of $80.70 and a twelve month high of $116.18.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.18. The company had revenue of $29.08 billion for the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 4.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a yield of 1.71%. Microsoft’s payout ratio is presently 43.30%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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