Hartline Investment Corp grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,976 shares of the software giant’s stock after buying an additional 2,965 shares during the period. Microsoft accounts for about 1.1% of Hartline Investment Corp’s holdings, making the stock its 21st biggest holding. Hartline Investment Corp’s holdings in Microsoft were worth $3,648,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Acrospire Investment Management LLC grew its holdings in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the period. Stelac Advisory Services LLC increased its position in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the period. Pacific Center for Financial Services increased its position in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares during the period. AlphaMark Advisors LLC increased its position in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after buying an additional 30 shares during the period. Finally, Mitchell Capital Management Co. acquired a new stake in Microsoft in the third quarter worth $201,000. Institutional investors and hedge funds own 73.88% of the company’s stock.
Several research firms have recently issued reports on MSFT. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $94.20 price target for the company. in a research note on Tuesday, February 6th. UBS set a $110.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Thursday, February 1st. Deutsche Bank reissued a “buy” rating and issued a $115.00 price target on shares of Microsoft in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. set a $94.00 price target on Microsoft and gave the stock a “neutral” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.41.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. During the same quarter last year, the company posted $0.83 EPS. Microsoft’s revenue for the quarter was up 11.9% on a year-over-year basis. research analysts expect that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.78%. Microsoft’s dividend payout ratio (DPR) is 51.53%.
In related news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at $15,928,854. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $930,900 in the last quarter. 1.49% of the stock is currently owned by corporate insiders.
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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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