Loeb Partners Corp raised its stake in Microsoft Corporation (NASDAQ:MSFT) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,020 shares of the software giant’s stock after buying an additional 3,900 shares during the period. Microsoft Corporation comprises 1.2% of Loeb Partners Corp’s holdings, making the stock its 27th biggest holding. Loeb Partners Corp’s holdings in Microsoft Corporation were worth $4,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Appropriate Balance Financial Services Inc. lifted its position in shares of Microsoft Corporation by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the period. Hefty Wealth Partners lifted its position in shares of Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Asset Planning Services Ltd. lifted its position in shares of Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares during the period. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation in the 1st quarter worth approximately $132,000. Finally, Opera Trading Capital lifted its position in shares of Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the period. 73.35% of the stock is owned by institutional investors.
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In other news, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders sold 96,763 shares of company stock valued at $7,240,712 in the last quarter. 1.49% of the stock is owned by insiders.
Several research analysts recently commented on the stock. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Thursday. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday. Deutsche Bank AG restated a “buy” rating and set a $100.00 price target on shares of Microsoft Corporation in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. upped their price target on shares of Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, Argus upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $57.28 to $95.00 in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $83.64.
Microsoft Corporation (NASDAQ:MSFT) traded down $0.22 during midday trading on Friday, hitting $83.87. 19,397,700 shares of the stock traded hands, compared to its average volume of 22,495,926. Microsoft Corporation has a twelve month low of $57.28 and a twelve month high of $86.20. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $648,719.88, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. analysts forecast that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is currently 53.06%.
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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