NBW Capital LLC Sells 131 Shares of Microsoft Corporation (MSFT)

NBW Capital LLC lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,570 shares of the software giant’s stock after selling 131 shares during the period. Microsoft Corporation makes up approximately 2.3% of NBW Capital LLC’s investment portfolio, making the stock its 15th largest position. NBW Capital LLC’s holdings in Microsoft Corporation were worth $8,138,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Jupiter Asset Management Ltd. raised its stake in Microsoft Corporation by 59.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 464,186 shares of the software giant’s stock valued at $28,845,000 after buying an additional 172,550 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Microsoft Corporation by 1.2% in the fourth quarter. Baird Financial Group Inc. now owns 2,859,638 shares of the software giant’s stock valued at $177,698,000 after buying an additional 35,057 shares during the period. Welch Investments LLC purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at approximately $160,000. Investec Asset Management LTD increased its stake in shares of Microsoft Corporation by 1.0% in the fourth quarter. Investec Asset Management LTD now owns 6,338,393 shares of the software giant’s stock valued at $393,868,000 after buying an additional 63,333 shares during the period. Finally, Investec Asset Management PTY Ltd increased its stake in shares of Microsoft Corporation by 1.6% in the fourth quarter. Investec Asset Management PTY Ltd now owns 15,719 shares of the software giant’s stock valued at $977,000 after buying an additional 253 shares during the period. 72.74% of the stock is owned by institutional investors and hedge funds.

Microsoft Corporation (MSFT) opened at 74.22 on Friday. The company has a market capitalization of $573.02 billion, a P/E ratio of 32.75 and a beta of 1.00. The company’s 50-day moving average is $70.77 and its 200 day moving average is $66.84. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.30.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. Analysts predict that Microsoft Corporation will post $3.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.10%. Microsoft Corporation’s dividend payout ratio is 69.03%.

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Several brokerages recently commented on MSFT. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $88.00 price target (up previously from $78.00) on shares of Microsoft Corporation in a research report on Tuesday. J P Morgan Chase & Co set a $64.00 price target on shares of Microsoft Corporation and gave the company a “neutral” rating in a research report on Tuesday. BMO Capital Markets restated a “buy” rating and issued a $75.00 price target on shares of Microsoft Corporation in a research report on Sunday, July 16th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a research report on Monday. Finally, Jefferies Group LLC restated a “sell” rating and issued a $45.00 price target on shares of Microsoft Corporation in a research report on Monday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $71.64.

In other news, Director William H. Gates III sold 2,500,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Thursday, May 4th. The stock was 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. Insiders have sold 12,060,786 shares of company stock valued at $831,893,332 in the last ninety days. 2.99% of the stock is currently owned by company 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.