A number of other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $4,334,099,000. Dodge & Cox purchased a new stake in Microsoft Corporation during the fourth quarter worth about $2,658,504,000. Asset Management One Co. Ltd. increased its stake in Microsoft Corporation by 791.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 13,263,687 shares of the software giant’s stock worth $825,108,000 after buying an additional 11,775,547 shares during the last quarter. Viking Global Investors LP increased its stake in Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock worth $1,363,976,000 after buying an additional 8,282,782 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Microsoft Corporation during the fourth quarter worth about $371,918,000. 72.87% of the stock is currently owned by institutional investors.
Camarda Financial Advisors LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 467.8% during the first quarter, Holdings Channel reports. The firm owned 11,385 shares of the software giant’s stock after buying an additional 9,380 shares during the period. Camarda Financial Advisors LLC’s holdings in Microsoft Corporation were worth $750,000 at the end of the most recent reporting period.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at 72.58 on Wednesday. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The firm’s 50-day moving average price is $71.23 and its 200 day moving average price is $67.50. The stock has a market cap of $559.45 billion, a P/E ratio of 26.78 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Microsoft Corporation will post $3.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
MSFT has been the topic of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a research note on Thursday, April 6th. Zacks Investment Research downgraded Microsoft Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a research note on Wednesday, April 19th. Pacific Crest reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Microsoft Corporation in a research note on Thursday, April 20th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Microsoft Corporation in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $76.15.
In other news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now owns 544,080 shares in the company, valued at $40,261,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of Microsoft Corporation stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now owns 214,080 shares in the company, valued at approximately $14,718,000. The disclosure for this sale can be found here. Insiders have sold 9,560,855 shares of company stock worth $658,531,908 in the last quarter. Insiders own 2.99% 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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