Spero Smith Investment Advisers Inc. OH lowered its stake in Microsoft Corp. (NASDAQ:MSFT) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 40,380 shares of the software giant’s stock after selling 330 shares during the period. Microsoft Corp. makes up 2.6% of Spero Smith Investment Advisers Inc. OH’s portfolio, making the stock its 13th largest position. Spero Smith Investment Advisers Inc. OH’s holdings in Microsoft Corp. were worth $2,066,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Invictus RG purchased a new stake in shares of Microsoft Corp. during the first quarter worth approximately $107,000. Riggs Asset Managment Co. Inc. increased its stake in shares of 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. Lowe fs LLC increased its stake in shares of Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the last quarter. Northstar Group Inc. increased its stake in shares of 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. Finally, Wrapmanager Inc. purchased a new stake in shares of Microsoft Corp. during the first quarter worth approximately $205,000. 71.58% of the stock is currently owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.26% on Wednesday, reaching $57.04. 11,372,228 shares of the company’s stock traded hands. The firm’s 50-day moving average is $57.48 and its 200 day moving average is $54.39. The stock has a market capitalization of $444.49 billion, a PE ratio of 27.16 and a beta of 1.09. Microsoft Corp. has a 52-week low of $46.53 and a 52-week high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The business earned $22.60 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same quarter last year, the company posted $0.60 EPS. Analysts forecast that Microsoft Corp. will post $2.89 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.73%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is 70.24%.
MSFT has been the subject of a number of recent analyst reports. Vetr upgraded shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 price objective for the company in a research report on Monday, July 11th. Sanford C. Bernstein set a $68.00 price objective on shares of Microsoft Corp. and gave the company a “buy” rating in a research report on Friday, July 15th. Citigroup Inc. raised their price objective on shares of Microsoft Corp. from $36.00 to $37.00 and gave the company a “sell” rating in a research report on Thursday, July 7th. Stifel Nicolaus raised their price objective on shares of Microsoft Corp. from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 20th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $65.00 price objective on shares of Microsoft Corp. in a research report on Saturday, June 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company’s stock. Microsoft Corp. currently has an average rating of “Buy” and a consensus price target of $59.42.
In other Microsoft Corp. news, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the completion of the sale, the chief executive officer now owns 1,200,822 shares of the company’s stock, valued at approximately $69,611,651.34. The disclosure for this sale can be found here. Corporate insiders own 3.76% of the company’s stock.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.