Microsoft Corp. (MSFT) Stake Decreased by Blue Fin Capital Inc.
Blue Fin Capital Inc. decreased its stake in Microsoft Corp. (NASDAQ:MSFT) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 51,269 shares of the software giant’s stock after selling 810 shares during the period. Microsoft Corp. comprises approximately 2.4% of Blue Fin Capital Inc.’s portfolio, making the stock its 6th largest position. Blue Fin Capital Inc.’s holdings in Microsoft Corp. were worth $2,953,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Microsoft Corp. by 1.7% in the second quarter. Vanguard Group Inc. now owns 504,208,409 shares of the software giant’s stock valued at $25,800,344,000 after buying an additional 8,371,988 shares during the period. Franklin Resources Inc. increased its position in Microsoft Corp. by 7.8% in the second quarter. Franklin Resources Inc. now owns 93,704,245 shares of the software giant’s stock valued at $4,794,838,000 after buying an additional 6,760,471 shares during the period. BlackRock Group LTD increased its position in Microsoft Corp. by 1.5% in the second quarter. BlackRock Group LTD now owns 66,254,544 shares of the software giant’s stock valued at $3,390,245,000 after buying an additional 976,953 shares during the period. TIAA CREF Investment Management LLC increased its position in Microsoft Corp. by 2.1% in the second quarter. TIAA CREF Investment Management LLC now owns 47,081,885 shares of the software giant’s stock valued at $2,409,180,000 after buying an additional 980,414 shares during the period. Finally, Janus Capital Management LLC increased its position in Microsoft Corp. by 40.2% in the second quarter. Janus Capital Management LLC now owns 41,604,434 shares of the software giant’s stock valued at $2,128,899,000 after buying an additional 11,937,675 shares during the period. Hedge funds and other institutional investors own 70.87% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 1.36% during midday trading on Wednesday, reaching $60.26. 34,655,435 shares of the company were exchanged. The stock has a market capitalization of $468.54 billion, a price-to-earnings ratio of 28.86 and a beta of 1.16. The firm’s 50-day moving average price is $59.30 and its 200 day moving average price is $55.89. Microsoft Corp. has a 52-week low of $48.03 and a 52-week high of $61.37.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. The company had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Equities analysts predict that Microsoft Corp. will post $2.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a $0.39 dividend. The ex-dividend date is Tuesday, November 15th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.59%. Microsoft Corp.’s dividend payout ratio is 75.00%.
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Several analysts recently issued reports on the stock. Jefferies Group set a $40.00 price objective on shares of Microsoft Corp. and gave the company a “sell” rating in a research note on Tuesday, September 27th. Pacific Crest reaffirmed a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a research note on Tuesday, September 13th. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price objective for the company in a research note on Wednesday, October 26th. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Microsoft Corp. in a research note on Friday, September 30th. Finally, Nomura reaffirmed a “buy” rating and set a $65.00 price objective 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 given a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $62.26.
In related news, insider Frank H. Brod sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 121,508 shares of the company’s stock, valued at approximately $7,354,879.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Gates III sold 2,700,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $60.99, for a total value of $164,673,000.00. The disclosure for this sale can be found here. 2.99% of the stock is owned by corporate insiders.
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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