Microsoft Corporation (MSFT) Shares Sold by Capstone Asset Management Co.

Capstone Asset Management Co. lessened its stake in Microsoft Corporation (NASDAQ:MSFT) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 975,580 shares of the software giant’s stock after selling 39,388 shares during the period. Microsoft Corporation comprises about 1.9% of Capstone Asset Management Co.’s investment portfolio, making the stock its 2nd largest position. Capstone Asset Management Co.’s holdings in Microsoft Corporation were worth $67,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Tompkins Financial Corp increased its stake in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after buying an additional 18,225 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Microsoft Corporation by 7.3% in the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after buying an additional 530,893 shares during the last quarter. HPM Partners LLC increased its stake in shares of Microsoft Corporation by 293.5% in the first quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock worth $10,608,000 after buying an additional 120,135 shares during the last quarter. Cribstone Capital Management LLC increased its stake in shares of Microsoft Corporation by 33.5% in the first quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock worth $2,554,000 after buying an additional 9,768 shares during the last quarter. Finally, Murphy Capital Management Inc. increased its stake in shares of Microsoft Corporation by 3.9% in the first quarter. Murphy Capital Management Inc. now owns 74,816 shares of the software giant’s stock worth $4,927,000 after buying an additional 2,776 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

Microsoft Corporation (NASDAQ MSFT) traded up 0.27% during trading on Friday, reaching $74.41. The company had a trading volume of 14,111,365 shares. The company has a market capitalization of $573.12 billion, a PE ratio of 27.46 and a beta of 1.00. The company has a 50 day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97.

Microsoft Corporation (NASDAQ:MSFT) last announced its 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 return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter last year, the firm earned $0.69 EPS. Microsoft Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Microsoft Corporation will post $3.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.26%. 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 currently 57.78%.

A number of brokerages recently issued reports on MSFT. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Monday, September 18th. Vetr lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a research note on Tuesday, September 12th. Canaccord Genuity reiterated a “hold” rating and set a $76.00 target price on shares of Microsoft Corporation in a research note on Friday, September 15th. Finally, UBS AG reiterated a “buy” rating and set a $82.00 target price (up previously from $73.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $76.72.

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In related news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value 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 disclosure for this sale can be found here. In the last three months, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by 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.

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

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