Stillwater Capital Advisors LLC reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 168,718 shares of the software giant’s stock after selling 735 shares during the period. Microsoft Corporation makes up approximately 3.0% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 16th largest position. Stillwater Capital Advisors LLC’s holdings in Microsoft Corporation were worth $11,112,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Pacific Center for Financial Services acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $155,000. Welch Investments LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $160,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $161,000. JJJ Advisors Inc. acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $186,000. Finally, Northwest Quadrant Wealth Management LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $205,000. Institutional investors own 72.78% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) opened at 70.53 on Tuesday. Microsoft Corporation has a 52-week low of $48.03 and a 52-week high of $72.89. The firm has a 50-day moving average price of $69.70 and a 200 day moving average price of $65.63. The firm has a market capitalization of $544.53 billion, a P/E ratio of 31.13 and a beta of 0.99.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $23.62 billion. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Analysts forecast that Microsoft Corporation will post $3.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.21%. Microsoft Corporation’s payout ratio is 69.03%.
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Several equities research analysts have commented on the company. Sanford C. Bernstein set a $76.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research report on Thursday, March 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $78.00 price objective on shares of Microsoft Corporation in a research report on Tuesday, May 9th. William Blair restated an “outperform” rating on shares of Microsoft Corporation in a research report on Monday, March 20th. Bank of America Corporation restated a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a research report on Friday, June 16th. Finally, Cowen and Company upped their price objective on Microsoft Corporation from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $70.49.
In related news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $68.85, for a total transaction of $481,950,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of Microsoft Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at approximately $14,718,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,060,786 shares of company stock valued at $831,893,332. Insiders own 2.99% of the company’s stock.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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