Todays Report: The Spero Smith Investment Advisers Inc. OH sells partial stakes of Microsoft Corp. (MSFT)

The Spero Smith Investment Advisers Inc. OH sells partial stakes of Microsoft Corp. (MSFT)

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.

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