First Command Financial Services Inc. raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,425 shares of the software giant’s stock after buying an additional 211 shares during the period. First Command Financial Services Inc.’s holdings in Microsoft Corporation were worth $884,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of MSFT. Norges Bank purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth approximately $4,334,099,000. Dodge & Cox purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth approximately $2,658,504,000. FMR LLC increased its stake in shares of Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock worth $11,020,210,000 after buying an additional 17,606,133 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of 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 period. Finally, State Street Corp increased its stake in shares of Microsoft Corporation by 2.8% in the fourth quarter. State Street Corp now owns 316,129,357 shares of the software giant’s stock worth $19,644,277,000 after buying an additional 8,757,128 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 73.04 on Friday. The firm has a market cap of $562.99 billion, a P/E ratio of 26.95 and a beta of 1.00. The company has a 50-day moving average of $71.08 and a 200 day moving average of $67.29. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating 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 company had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same period last year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that Microsoft Corporation will post $3.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.14%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
MSFT has been the subject of a number of recent research reports. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $77.00 target price (up from $73.00) on shares of Microsoft Corporation in a report on Monday, May 1st. Pacific Crest restated a “buy” rating and issued a $78.00 target price (up from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 target price for the company in a report on Wednesday, May 17th. Finally, Goldman Sachs Group, Inc. (The) boosted their target price on shares of Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $75.94.
In other news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $68.85, for a total value of $481,950,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,087,549 shares of company stock valued at $833,873,794. 2.99% of the stock is currently owned by corporate insiders.
Microsoft Corporation Company Profile
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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