Chesley Taft & Associates LLC cut its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 415,847 shares of the software giant’s stock after selling 2,447 shares during the period. Microsoft Corporation comprises 2.6% of Chesley Taft & Associates LLC’s portfolio, making the stock its 2nd biggest position. Chesley Taft & Associates LLC’s holdings in Microsoft Corporation were worth $28,664,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Investec Asset Management LTD raised its position in Microsoft Corporation by 43.5% during 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 in the last quarter. State Street Corp raised its position in Microsoft Corporation by 0.8% during 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 in the last quarter. Steadfast Capital Management LP raised its position in Microsoft Corporation by 63.0% during 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 in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Microsoft Corporation in the 1st quarter worth $99,933,000. Finally, Boston Partners raised its position in shares of Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after acquiring an additional 1,435,233 shares in the last quarter. 73.40% of the stock is owned by institutional investors and hedge funds.
In other news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. Insiders own 2.99% of the company’s stock.
Several research firms have recently commented on MSFT. Stifel Nicolaus reissued a “buy” rating on shares of Microsoft Corporation in a research report on Thursday. Canaccord Genuity raised Microsoft Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $86.00 in a research report on Thursday, October 5th. ValuEngine lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. set a $80.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, September 25th. Finally, Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $77.44.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same period last year, the firm earned $0.69 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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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