Orleans Capital Management Corp LA acquired a new stake in Microsoft Co. (NASDAQ:MSFT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,778 shares of the software giant’s stock, valued at approximately $356,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Carderock Capital Management Inc. raised its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after buying an additional 26 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after buying an additional 30 shares during the period. Simonbaker & Partners LLC raised its holdings in shares of Microsoft by 0.4% during the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock valued at $783,000 after buying an additional 40 shares during the period. Arcus Capital Partners LLC raised its holdings in shares of Microsoft by 1.4% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,159 shares of the software giant’s stock valued at $218,000 after buying an additional 45 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its holdings in Microsoft by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 19,112 shares of the software giant’s stock worth $1,317,000 after purchasing an additional 55 shares during the last quarter. 73.85% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Vetr upgraded Microsoft from a “buy” rating to a “strong-buy” rating and set a $104.63 price objective on the stock in a report on Tuesday. UBS set a $110.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Deutsche Bank restated a “buy” rating and set a $115.00 price objective on shares of Microsoft in a report on Thursday, February 1st. Finally, Atlantic Securities set a $97.00 price objective on Microsoft and gave the stock a “neutral” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and an average target price of $100.14.
In other news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the sale, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at $15,928,854. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock worth $930,900 over the last ninety days. 1.49% of the stock is owned by insiders.
Shares of MSFT traded down $2.15 during midday trading on Friday, reaching $90.23. The stock had a trading volume of 37,808,489 shares, compared to its average volume of 36,657,988. Microsoft Co. has a 52 week low of $64.85 and a 52 week high of $97.24. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. The company has a market capitalization of $711,306.88, a PE ratio of 27.26, a P/E/G ratio of 2.14 and a beta of 1.07.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. equities research analysts forecast that Microsoft Co. will post 3.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.
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Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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