Microsoft Corporation (MSFT) Position Reduced by Wendell David Associates Inc.

Wendell David Associates Inc. decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,168 shares of the software giant’s stock after selling 2,624 shares during the period. Microsoft Corporation accounts for approximately 1.7% of Wendell David Associates Inc.’s investment portfolio, making the stock its 19th largest position. Wendell David Associates Inc.’s holdings in Microsoft Corporation were worth $8,904,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Hefty Wealth Partners boosted its position in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. boosted 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 last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation during the first quarter valued at $132,000. Pacific Center for Financial Services purchased a new position in Microsoft Corporation during the fourth quarter valued at $155,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft Corporation during the fourth quarter valued at $161,000. Institutional investors and hedge funds own 72.86% of the company’s stock.

Shares of Microsoft Corporation (MSFT) traded down 0.158% during mid-day trading on Monday, reaching $72.565. 5,791,496 shares of the company’s stock traded hands. The stock has a market capitalization of $559.33 billion, a PE ratio of 26.777 and a beta of 1.01. The company’s 50-day moving average price is $71.23 and its 200-day moving average price is $67.50. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. 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 company posted $0.69 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts anticipate that Microsoft Corporation will post $3.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.

MSFT has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $80.00 price target on shares of Microsoft Corporation in a report on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and set a $73.00 price target on shares of Microsoft Corporation in a report on Sunday, July 9th. Cowen and Company reissued an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of Microsoft Corporation in a report on Saturday, July 22nd. Pacific Crest reissued a “buy” rating and set a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Finally, William Blair reissued an “outperform” rating on shares of Microsoft Corporation in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.15.

In other news, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total value of $1,805,385.00. Following the completion of the sale, the insider now owns 570,843 shares of the company’s stock, valued at approximately $39,388,167. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. In the last three months, insiders sold 60,855 shares of company stock valued at $4,331,908. Corporate insiders own 2.99% of the company’s stock.

About Microsoft Corporation

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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