Oxbow Advisors LLC reduced its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 22.8% during the second quarter, Holdings Channel reports. The institutional investor owned 131,047 shares of the software giant’s stock after selling 38,664 shares during the period. Microsoft Corp. accounts for approximately 1.0% of Oxbow Advisors LLC’s investment portfolio, making the stock its 26th largest position. Oxbow Advisors LLC’s holdings in Microsoft Corp. were worth $6,708,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of MSFT. Invictus RG purchased a new position in shares of Microsoft Corp. during the first quarter valued at approximately $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 valued at $122,000 after buying an additional 147 shares in the last quarter. 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 valued at $164,000 after buying an additional 44 shares in the last quarter. 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 valued at $202,000 after buying an additional 14 shares in the last quarter. Finally, Wrapmanager Inc. bought a new position in Microsoft Corp. during the first quarter valued at about $205,000. 71.58% of the stock is owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded up 1.05% during mid-day trading on Wednesday, hitting $57.84. The stock had a trading volume of 10,014,008 shares. The company has a market cap of $450.72 billion, a price-to-earnings ratio of 27.54 and a beta of 1.09. The firm’s 50-day moving average is $57.46 and its 200 day moving average is $54.26. Microsoft Corp. has a 12 month low of $45.95 and a 12 month high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The business earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period last year, the business posted $0.60 earnings per share. Equities analysts anticipate that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders 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 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
MSFT has been the subject of several recent analyst reports. Nomura reiterated a “buy” rating on shares of Microsoft Corp. in a research note on Wednesday, June 8th. Bank of America Corp. reiterated a “buy” rating on shares of Microsoft Corp. in a research note on Friday, June 10th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $56.00 price objective on shares of Microsoft Corp. in a research note on Monday, June 13th. Evercore ISI reiterated a “buy” rating on shares of Microsoft Corp. in a research note on Monday, June 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $68.00 price objective on shares of Microsoft Corp. in a research note on Monday, June 13th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $59.41.
In other Microsoft Corp. news, CFO Amy Hood sold 120,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the sale, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at $30,285,370.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the sale, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is owned by company 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.