Today, 29,892 Shares of Microsoft Corp. (MSFT) are sold by Heritage Investors Management Corp

Today, 29,892 Shares of Microsoft Corp. (MSFT) are sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 5.6% during the third quarter, Holdings Channel reports. The firm owned 504,815 shares of the software giant’s stock after selling 29,892 shares during the period. Microsoft Corp. makes up approximately 2.1% of Heritage Investors Management Corp’s investment portfolio, making the stock its 2nd largest position. Heritage Investors Management Corp’s holdings in Microsoft Corp. were worth $29,077,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Invictus RG purchased a new position in Microsoft Corp. during the first quarter valued at $107,000. Riggs Asset Managment Co. Inc. increased 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 during the last quarter. Roble Belko & Company Inc increased its position in Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock valued at $130,000 after buying an additional 210 shares during the last quarter. Peddock Capital Advisors LLC purchased a new position in Microsoft Corp. during the third quarter valued at $130,000. Finally, 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 valued at $202,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.

Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.33% during trading on Monday, hitting $60.73. The stock had a trading volume of 10,811,334 shares. Microsoft Corp. has a 12-month low of $48.03 and a 12-month high of $61.37. The firm has a 50 day moving average price of $59.22 and a 200 day moving average price of $55.75. The firm has a market cap of $472.20 billion, a P/E ratio of 29.09 and a beta of 1.16.

Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. The company earned $22.30 billion during the quarter, compared to analyst estimates of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. On average, equities analysts expect that Microsoft Corp. will post $2.97 earnings per share for the current fiscal 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 paid a $0.39 dividend. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.58%. Microsoft Corp.’s dividend payout ratio (DPR) is 75.00%.

MSFT has been the topic of a number of recent research reports. Oppenheimer Holdings Inc. set a $65.00 price objective on Microsoft Corp. and gave the stock a “buy” rating in a report on Monday, October 24th. Vetr raised Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.95 price objective on the stock in a report on Tuesday, October 11th. Deutsche Bank AG reissued a “buy” rating and set a $70.00 price objective on shares of Microsoft Corp. in a report on Monday, November 7th. Macquarie reissued a “neutral” rating and set a $54.00 price objective on shares of Microsoft Corp. in a report on Friday, September 23rd. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $60.00 price objective (up previously from $57.00) on shares of Microsoft Corp. in a report on Friday, October 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the company. Microsoft Corp. presently has a consensus rating of “Buy” and an average target price of $62.26.

In other news, EVP Christopher C. Capossela sold 18,583 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $58.58, for a total transaction of $1,088,592.14. Following the sale, the executive vice president now directly owns 243,306 shares in the company, valued at approximately $14,252,865.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $60.51, for a total value of $726,120.00. Following the sale, the chief marketing officer now owns 253,306 shares in the company, valued at $15,327,546.06. The disclosure for this sale can be found here. 2.99% of the stock is owned by corporate 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.

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