Winslow Evans & Crocker Inc. lifted its position in Microsoft Corporation (NASDAQ:MSFT) by 96.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,583 shares of the software giant’s stock after buying an additional 47,793 shares during the quarter. Microsoft Corporation comprises approximately 1.8% of Winslow Evans & Crocker Inc.’s holdings, making the stock its 7th largest position. Winslow Evans & Crocker Inc.’s holdings in Microsoft Corporation were worth $6,657,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after buying an additional 2,552,473 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Microsoft Corporation by 2.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock valued at $1,907,648,000 after buying an additional 638,798 shares during the period. Fisher Asset Management LLC increased its holdings in Microsoft Corporation by 1.1% in the 1st quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock valued at $1,228,456,000 after buying an additional 199,259 shares during the period. Sanders Capital LLC increased its holdings in Microsoft Corporation by 1.8% in the 1st quarter. Sanders Capital LLC now owns 11,856,396 shares of the software giant’s stock valued at $803,298,000 after buying an additional 211,000 shares during the period. Finally, Boston Partners increased its holdings in Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after buying an additional 1,435,233 shares during the period. Hedge funds and other institutional investors own 73.26% of the company’s stock.
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Shares of Microsoft Corporation (MSFT) traded up 6.41% during trading on Friday, hitting $83.81. The stock had a trading volume of 71,066,729 shares. The firm has a 50 day moving average price of $75.68 and a 200-day moving average price of $71.82. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20. The stock has a market capitalization of $645.53 billion, a price-to-earnings ratio of 30.93 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a return on equity of 37.65% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Corporation will post $3.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. Microsoft Corporation’s dividend payout ratio is 53.06%.
Several equities research analysts have recently weighed in on MSFT shares. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morningstar, Inc. restated a “neutral” rating on shares of Microsoft Corporation in a research report on Monday, October 16th. Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. Microsoft Corporation currently has an average rating of “Buy” and an average price target of $81.13.
In other news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares of the company’s stock, valued at $39,776,406. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,081,763 shares of company stock worth $513,899,512. Company insiders own 1.49% of the company’s stock.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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