Microsoft Corporation (MSFT) Stake Increased by Personal Capital Advisors Corp

Personal Capital Advisors Corp grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 359,992 shares of the software giant’s stock after purchasing an additional 15,800 shares during the quarter. Personal Capital Advisors Corp’s holdings in Microsoft Corporation were worth $24,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Gierl Augustine Investment Management Inc lifted its stake in Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after acquiring an additional 13 shares during the period. New Capital Management LP lifted its stake in Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after acquiring an additional 22 shares during the period. Nottingham Advisors Inc. lifted its stake in Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after acquiring an additional 22 shares during the period. American Economic Planning Group Inc. ADV lifted its stake in Microsoft Corporation by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after acquiring an additional 23 shares during the period. Finally, Appropriate Balance Financial Services Inc. lifted its stake in Microsoft Corporation by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the period. 73.37% of the stock is owned by hedge funds and other institutional investors.

In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock valued at $515,879,974 over the last 90 days. 2.99% of the stock is currently owned by insiders.

A number of research firms recently weighed in on MSFT. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Microsoft Corporation in a research note on Monday. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $77.44.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/microsoft-corporation-msft-stake-increased-by-personal-capital-advisors-corp.html.

Shares of Microsoft Corporation (MSFT) traded down 0.28% during mid-day trading on Tuesday, hitting $77.43. The company’s stock had a trading volume of 8,546,220 shares. The stock has a 50-day moving average of $74.73 and a 200-day moving average of $71.14. The company has a market cap of $596.38 billion, a PE ratio of 28.57 and a beta of 1.01. Microsoft Corporation has a 12-month low of $56.66 and a 12-month high of $77.87.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that Microsoft Corporation will post $3.20 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record

Several other institutional investors and hedge funds also recently modified their holdings of the company. Gierl Augustine Investment Management Inc lifted its stake in Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after acquiring an additional 13 shares during the period. New Capital Management LP lifted its stake in Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after acquiring an additional 22 shares during the period. Nottingham Advisors Inc. lifted its stake in Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after acquiring an additional 22 shares during the period. American Economic Planning Group Inc. ADV lifted its stake in Microsoft Corporation by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after acquiring an additional 23 shares during the period. Finally, Appropriate Balance Financial Services Inc. lifted its stake in Microsoft Corporation by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the period. 73.37% of the stock is owned by hedge funds and other institutional investors.

In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock valued at $515,879,974 over the last 90 days. 2.99% of the stock is currently owned by insiders.

A number of research firms recently weighed in on MSFT. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Microsoft Corporation in a research note on Monday. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $77.44.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/microsoft-corporation-msft-stake-increased-by-personal-capital-advisors-corp.html.

Shares of Microsoft Corporation (MSFT) traded down 0.28% during mid-day trading on Tuesday, hitting $77.43. The company’s stock had a trading volume of 8,546,220 shares. The stock has a 50-day moving average of $74.73 and a 200-day moving average of $71.14. The company has a market cap of $596.38 billion, a PE ratio of 28.57 and a beta of 1.01. Microsoft Corporation has a 12-month low of $56.66 and a 12-month high of $77.87.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that Microsoft Corporation will post $3.20 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.16%. Microsoft Corporation’s dividend payout ratio is currently 57.78%.

Microsoft Corporation Company Profile

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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