NBW Capital LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,570 shares of the software giant’s stock after selling 131 shares during the period. Microsoft Corporation makes up 2.3% of NBW Capital LLC’s holdings, making the stock its 15th largest position. NBW Capital LLC’s holdings in Microsoft Corporation were worth $8,138,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. 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 worth $114,000 after buying an additional 837 shares during the period. Pacific Center for Financial Services purchased a new position in Microsoft Corporation during the fourth quarter worth about $155,000. Welch Investments LLC purchased a new position in Microsoft Corporation during the fourth quarter worth about $160,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft Corporation during the fourth quarter worth about $161,000. Finally, Northwest Quadrant Wealth Management LLC purchased a new position in Microsoft Corporation during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) traded down 0.39% during trading on Monday, reaching $72.40. 18,705,681 shares of the company traded hands. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The firm has a market capitalization of $558.06 billion, a price-to-earnings ratio of 26.72 and a beta of 1.01. The firm’s 50 day moving average price is $71.23 and its 200 day moving average price is $67.50.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. Equities research analysts expect 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. Shareholders 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 2.15%. Microsoft Corporation’s payout ratio is currently 57.78%.
A number of equities analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $78.00 target price on shares of Microsoft Corporation in a report on Tuesday, May 9th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 target price on shares of Microsoft Corporation in a report on Friday, June 16th. Cowen and Company increased their target price on Microsoft Corporation from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price for the company in a report on Monday, June 12th. Finally, Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $76.15.
In other news, EVP Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Insiders have sold a total of 60,855 shares of company stock valued at $4,331,908 in the last three months. 2.99% of the stock is currently owned by corporate 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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