Microsoft Corporation (MSFT) Holdings Cut by Lyell Wealth Management LP
Lyell Wealth Management LP lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,418 shares of the software giant’s stock after selling 981 shares during the period. Microsoft Corporation comprises 1.7% of Lyell Wealth Management LP’s investment portfolio, making the stock its 17th largest holding. Lyell Wealth Management LP’s holdings in Microsoft Corporation were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Investec Asset Management LTD increased its holdings in shares of Microsoft Corporation by 43.5% in the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the period. State Street Corp increased its holdings in shares of Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Microsoft Corporation by 6,647.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock valued at $29,715,000 after purchasing an additional 2,017,899 shares during the period. Steadfast Capital Management LP increased its holdings in shares of Microsoft Corporation by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Microsoft Corporation in the 1st quarter valued at about $99,933,000. Hedge funds and other institutional investors own 73.35% of the company’s stock.
In other news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. Insiders have sold a total of 7,081,763 shares of company stock valued at $513,899,512 in the last three months. 1.49% of the stock is owned by insiders.
MSFT has been the topic of a number of research reports. ValuEngine upgraded 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 report on Friday, October 27th. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Thursday, July 13th. Atlantic Securities set a $83.00 target price on Microsoft Corporation and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a report on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.61.
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Shares of Microsoft Corporation (MSFT) opened at 83.18 on Wednesday. The company has a market cap of $640.67 billion, a PE ratio of 30.69 and a beta of 1.01. The stock’s 50 day moving average price is $76.60 and its 200 day moving average price is $72.32. Microsoft Corporation has a one year low of $57.28 and a one year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. Microsoft Corporation’s revenue was up 11.7% on a year-over-year basis. Equities analysts predict that Microsoft Corporation will post $3.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is 53.06%.
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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