Loudon Investment Management LLC cut its stake in Microsoft Corp. (NASDAQ:MSFT) by 11.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 85,426 shares of the software giant’s stock after selling 10,935 shares during the period. Microsoft Corp. comprises about 3.5% of Loudon Investment Management LLC’s portfolio, making the stock its 8th largest position. Loudon Investment Management LLC’s holdings in Microsoft Corp. were worth $4,371,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of MSFT. Invictus RG acquired a new position in Microsoft Corp. during the first quarter worth $107,000. Riggs Asset Managment Co. Inc. raised 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 period. Lowe fs LLC raised its position in 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 period. Northstar Group Inc. raised 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 period. Finally, Wrapmanager Inc. acquired a new position in Microsoft Corp. during the first quarter worth $205,000. Institutional investors own 71.69% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.38% during trading on Friday, hitting $59.87. 33,574,684 shares of the stock were exchanged. The stock has a market cap of $465.51 billion, a price-to-earnings ratio of 28.67 and a beta of 1.09. The stock’s 50 day moving average is $57.82 and its 200-day moving average is $54.76. Microsoft Corp. has a 12-month low of $48.04 and a 12-month high of $61.37.
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, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.08. The company had revenue of $22.30 billion for the quarter, compared to analysts’ expectations of $21.71 billion. Microsoft Corp. had a net margin of 19.40% and a return on equity of 30.92%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Equities research analysts anticipate that Microsoft Corp. will post $2.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is 69.23%.
Several research firms have recently commented on MSFT. Nomura reaffirmed a “buy” rating on shares of Microsoft Corp. in a research report on Sunday, July 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $57.00 price target on shares of Microsoft Corp. in a research report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price target on shares of Microsoft Corp. and gave the company a “buy” rating in a research report on Thursday, July 21st. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $50.00 price target on shares of Microsoft Corp. in a research report on Monday, July 18th. Finally, Canaccord Genuity reaffirmed a “neutral” rating and set a $56.00 price target (up previously from $55.00) on shares of Microsoft Corp. in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $61.85.
In other news, Director William H. Gates III sold 2,700,000 shares of Microsoft Corp. stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $60.99, for a total value of $164,673,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 5,000 shares of Microsoft Corp. stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $60.53, for a total transaction of $302,650.00. Following the completion of the transaction, the insider now directly owns 121,508 shares in the company, valued at $7,354,879.24. The disclosure for this sale can be found here. 2.99% of the stock is currently owned by insiders.
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.