Korea Investment CORP Increases Position in Microsoft Corporation (MSFT)

Korea Investment CORP boosted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 3.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,360,632 shares of the software giant’s stock after purchasing an additional 190,204 shares during the quarter. Microsoft Corporation comprises 2.0% of Korea Investment CORP’s portfolio, making the stock its 5th largest position. Korea Investment CORP owned approximately 0.08% of Microsoft Corporation worth $438,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Investec Asset Management LTD grew its holdings in Microsoft Corporation by 43.5% in the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after purchasing an additional 2,754,877 shares during the period. State Street Corp grew its holdings in Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Harbour Capital Advisors LLC grew its holdings in Microsoft Corporation by 6,647.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock worth $29,715,000 after purchasing an additional 2,017,899 shares during the period. Steadfast Capital Management LP grew its holdings in Microsoft Corporation by 63.0% in the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock worth $263,890,000 after purchasing an additional 1,548,108 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Microsoft Corporation in the first quarter worth about $99,933,000. Institutional investors and hedge funds own 73.35% of the company’s stock.

Shares of Microsoft Corporation (MSFT) opened at $83.87 on Friday. The stock has a market cap of $648,719.88, a PE ratio of 24.88, a PEG ratio of 1.97 and a beta of 1.01. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a twelve month low of $57.28 and a twelve month high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS. research analysts expect that Microsoft Corporation will post 3.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is 53.06%.

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In other news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders sold a total of 96,763 shares of company stock valued at $7,240,712 in the last 90 days. Company insiders own 1.49% of the company’s stock.

A number of equities research analysts have weighed in on MSFT shares. ValuEngine upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Canaccord Genuity reiterated a “buy” rating and issued a $94.00 target price (up previously from $86.00) on shares of Microsoft Corporation in a research note on Friday, October 27th. Atlantic Securities set a $83.00 target price on shares of Microsoft Corporation and gave the stock a “neutral” rating in a research note on Friday, October 27th. Barclays PLC reiterated an “overweight” rating and issued a $89.00 target price (up previously from $82.00) on shares of Microsoft Corporation in a research note on Friday, October 27th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.64.

Microsoft Corporation 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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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