Adams Asset Advisors LLC continued to hold its stake in shares of Microsoft Corporation (NASDAQ:MSFT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,917 shares of the software giant’s stock at the end of the first quarter. Adams Asset Advisors LLC’s holdings in Microsoft Corporation were worth $3,814,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Dodge & Cox purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth about $2,658,504,000. FMR LLC raised 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 last quarter. Asset Management One Co. Ltd. raised 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 last quarter. Finally, Viking Global Investors LP raised its stake in shares of 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. Hedge funds and other institutional investors own 72.74% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) opened at 73.86 on Thursday. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.04. The company has a 50-day moving average of $70.65 and a 200-day moving average of $66.79. The stock has a market capitalization of $570.24 billion, a price-to-earnings ratio of 32.59 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $23.62 billion. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Analysts anticipate that Microsoft Corporation will post $3.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is currently 69.03%.
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MSFT has been the subject of a number of research reports. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $77.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a report on Monday, May 1st. Pacific Crest reiterated a “buy” rating and issued a $78.00 price target (up previously from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price target for the company in a report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) boosted their price target on Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, Cowen and Company boosted their price target on Microsoft Corporation from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Microsoft Corporation presently has an average rating of “Buy” and an average price target of $71.46.
In other Microsoft Corporation news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $68.85, for a total transaction of $481,950,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,060,786 shares of company stock worth $831,893,332. 2.99% of the stock is owned by 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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