Adams Asset Advisors LLC held its position in Microsoft Corporation (NASDAQ:MSFT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the period. Pacific Center for Financial Services bought a new position in Microsoft Corporation during the fourth quarter valued at $155,000. Welch Investments LLC bought a new position in Microsoft Corporation during the fourth quarter valued at $160,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Microsoft Corporation during the fourth quarter worth approximately $161,000. Finally, Northwest Quadrant Wealth Management LLC acquired a new stake in Microsoft Corporation during the fourth quarter worth approximately $205,000. Institutional investors 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 firm 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 released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Microsoft Corporation will post $3.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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A number of research firms have commented on MSFT. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $78.00 price target on shares of Microsoft Corporation in a report on Tuesday, May 9th. Bank of America Corporation reissued a “buy” rating and set a $75.00 price target on shares of Microsoft Corporation in a report on Friday, June 16th. Cowen and Company raised 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. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price target on the stock in a report on Monday, June 12th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $73.00 price target on shares of Microsoft Corporation in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Microsoft Corporation presently has an average rating of “Buy” and an average target price of $75.94.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now owns 214,080 shares of the company’s stock, valued at $14,718,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the sale, the executive vice president now directly owns 216,507 shares in the company, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. Insiders sold 12,087,549 shares of company stock worth $833,873,794 in the last ninety days. Insiders own 2.99% of the company’s stock.
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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