Today: Today: Rothschild Asset Management Inc. Sold shares of Microsoft Corp. (MSFT)

Today: Rothschild Asset Management Inc. Sold shares of Microsoft Corp. (MSFT)

Rothschild Asset Management Inc. reduced its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 27.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,482,043 shares of the software giant’s stock after selling 565,128 shares during the period. Microsoft Corp. accounts for about 1.4% of Rothschild Asset Management Inc.’s portfolio, making the stock its 5th largest position. Rothschild Asset Management Inc.’s holdings in Microsoft Corp. were worth $75,836,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. 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 in the last quarter. McQueen Ball & Associates Inc. increased its position in Microsoft Corp. by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 8,429 shares of the software giant’s stock worth $466,000 after buying an additional 25 shares in the last quarter. Palisade Capital Management LLC NJ increased its position in Microsoft Corp. by 0.4% in the first quarter. Palisade Capital Management LLC NJ now owns 6,744 shares of the software giant’s stock worth $372,000 after buying an additional 27 shares in the last quarter. Lowe fs LLC increased 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 in the last quarter. Finally, First United Bank Trust increased its position in Microsoft Corp. by 0.6% in the second quarter. First United Bank Trust now owns 7,931 shares of the software giant’s stock worth $406,000 after buying an additional 50 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% on Friday, reaching $57.42. The company’s stock had a trading volume of 27,402,451 shares. The stock has a market cap of $447.45 billion, a PE ratio of 27.34 and a beta of 1.09. Microsoft Corp. has a 12-month low of $47.02 and a 12-month high of $58.70. The firm has a 50 day moving average price of $57.40 and a 200-day moving average price of $54.45.

Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. The business earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period in the previous year, the company posted $0.60 EPS. Equities research analysts expect 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. Shareholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 2.72%. Microsoft Corp.’s payout ratio is 70.24%.

A number of equities analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $57.00 price objective on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura reiterated a “buy” rating on shares of Microsoft Corp. in a research note on Sunday, July 17th. Sanford C. Bernstein set a $69.00 target price on Microsoft Corp. and gave the stock a “buy” rating in a research note on Thursday, July 21st. JPMorgan Chase & Co. reiterated a “hold” rating and set a $50.00 target price on shares of Microsoft Corp. in a research note on Monday, July 18th. Finally, Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $56.55 target price on the stock in a research note on Monday, June 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.55.

In other news, insider G Mason Morfit sold 18,000,000 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total value of $1,010,160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. Company insiders own 3.76% of the company’s stock.

Microsoft Corp. Company Profile

Related posts

Leave a Comment