Hayek Kallen Investment Management decreased its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,593 shares of the software giant’s stock after selling 911 shares during the period. Microsoft Corp. accounts for approximately 4.4% of Hayek Kallen Investment Management’s investment portfolio, making the stock its 2nd largest position. Hayek Kallen Investment Management’s holdings in Microsoft Corp. were worth $6,197,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Invictus RG acquired a new position in Microsoft Corp. during the first quarter worth about $107,000. Riggs Asset Managment Co. Inc. increased its position in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the last quarter. Roble Belko & Company Inc increased its position in Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the last quarter. Peddock Capital Advisors LLC acquired a new position in Microsoft Corp. during the third quarter worth about $130,000. Finally, Northstar Group Inc. increased its position in Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 71.64% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.22% during midday trading on Friday, reaching $60.53. The company’s stock had a trading volume of 8,409,616 shares. Microsoft Corp. has a 12-month low of $48.04 and a 12-month high of $61.37. The stock’s 50 day moving average is $59.22 and its 200 day moving average is $55.75. The stock has a market cap of $470.64 billion, a P/E ratio of 28.99 and a beta of 1.16.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. The business earned $22.30 billion during the quarter, compared to analysts’ expectations of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Analysts anticipate that Microsoft Corp. will post $2.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Tuesday, November 15th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is presently 75.00%.
A number of equities analysts recently issued reports on MSFT shares. Jefferies Group set a $40.00 price objective on shares of Microsoft Corp. and gave the stock a “sell” rating in a report on Tuesday, September 27th. Pacific Crest reissued a “buy” rating and issued a $65.00 price objective on shares of Microsoft Corp. in a report on Tuesday, September 13th. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price objective on the stock in a report on Wednesday, October 26th. Cowen and Company restated an “outperform” rating and set a $60.00 target price on shares of Microsoft Corp. in a research note on Friday, September 30th. Finally, Nomura restated a “buy” rating and set a $65.00 target price on shares of Microsoft Corp. in a research note on Thursday, October 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the stock. Microsoft Corp. has an average rating of “Buy” and an average price target of $62.26.
In other news, EVP Christopher C. Capossela sold 18,583 shares of Microsoft Corp. stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $58.58, for a total value of $1,088,592.14. Following the completion of the transaction, the executive vice president now owns 243,306 shares in the company, valued at approximately $14,252,865.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Christopher C. Capossela sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $60.51, for a total value of $726,120.00. Following the sale, the chief marketing officer now directly owns 253,306 shares in the company, valued at approximately $15,327,546.06. The disclosure for this sale can be found here. 2.99% of the stock is owned by insiders.
Microsoft Corp. Company Profile