Microsoft Corp. (MSFT) Shares Bought by F&V Capital Management LLC
F&V Capital Management LLC raised its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 123,758 shares of the software giant’s stock after buying an additional 725 shares during the period. Microsoft Corp. accounts for about 4.9% of F&V Capital Management LLC’s holdings, making the stock its 4th largest position. F&V Capital Management LLC’s holdings in Microsoft Corp. were worth $7,128,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of MSFT. Invictus RG bought a new stake in shares of Microsoft Corp. during the first quarter valued at about $107,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares during the last quarter. Roble Belko & Company Inc boosted its stake in shares of Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock valued at $130,000 after buying an additional 210 shares during the last quarter. Northstar Group Inc. boosted its stake in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the last quarter. Finally, FFT Wealth Management LLC bought a new stake in shares of Microsoft Corp. during the second quarter valued at about $206,000. Institutional investors and hedge funds own 70.87% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.94% on Tuesday, hitting $61.18. The company’s stock had a trading volume of 15,777,894 shares. The stock has a market capitalization of $475.70 billion, a P/E ratio of 29.30 and a beta of 1.16. Microsoft Corp. has a 52 week low of $48.03 and a 52 week high of $61.41. The stock’s 50 day moving average price is $59.30 and its 200 day moving average price is $55.89.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The company earned $22.30 billion during the quarter, compared to the consensus estimate of $21.71 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts forecast that Microsoft Corp. will post $2.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 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 2.57%. The ex-dividend date is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is 75.00%.
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MSFT has been the subject of several analyst reports. Jefferies Group set a $40.00 target price on Microsoft Corp. and gave the company a “sell” rating in a report on Tuesday, September 27th. Pacific Crest reaffirmed a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research note on Tuesday, September 13th. Vetr raised Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price target on the stock in a research note on Wednesday, October 26th. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Microsoft Corp. in a research note on Friday, September 30th. Finally, Nomura reaffirmed a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research note on Thursday, October 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $62.26.
In other news, insider Frank H. Brod sold 5,000 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $60.53, for a total value of $302,650.00. Following the completion of the sale, the insider now owns 121,508 shares in the company, valued at $7,354,879.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 18,583 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $58.58, for a total value of $1,088,592.14. Following the completion of the sale, the executive vice president now owns 243,306 shares of the company’s stock, valued at approximately $14,252,865.48. The disclosure for this sale can be found here. Insiders own 2.99% of the company’s stock.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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