Microsoft Corporation (MSFT) Position Lessened by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,082 shares of the software giant’s stock after selling 370 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Microsoft Corporation were worth $2,354,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MSFT. Waverton Investment Management Ltd grew its holdings in Microsoft Corporation by 50.7% during the 1st quarter. Waverton Investment Management Ltd now owns 1,486,180 shares of the software giant’s stock worth $97,880,000 after acquiring an additional 500,261 shares during the last quarter. Cordasco Financial Network grew its holdings in Microsoft Corporation by 44.6% during the 1st quarter. Cordasco Financial Network now owns 3,326 shares of the software giant’s stock worth $219,000 after acquiring an additional 1,026 shares during the last quarter. Lenox Wealth Advisors Inc. grew its holdings in Microsoft Corporation by 2.4% during the 1st quarter. Lenox Wealth Advisors Inc. now owns 3,739 shares of the software giant’s stock worth $246,000 after acquiring an additional 86 shares during the last quarter. Puplava Financial Services Inc. grew its holdings in Microsoft Corporation by 0.3% during the 1st quarter. Puplava Financial Services Inc. now owns 136,075 shares of the software giant’s stock worth $8,962,000 after acquiring an additional 420 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC grew its holdings in Microsoft Corporation by 0.9% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 616,878 shares of the software giant’s stock worth $40,628,000 after acquiring an additional 5,384 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

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Microsoft Corporation (NASDAQ:MSFT) traded down 0.203% during trading on Wednesday, hitting $76.135. 6,174,080 shares of the company traded hands. The stock has a 50-day moving average price of $74.32 and a 200-day moving average price of $70.89. Microsoft Corporation has a 12-month low of $56.32 and a 12-month high of $76.63. The firm has a market capitalization of $259.41 billion, a P/E ratio of 28.094 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The business 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%. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Equities analysts expect that Microsoft Corporation will post $3.20 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.

A number of equities research analysts have commented on the stock. ValuEngine lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. set a $80.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $77.44.

In related news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Amy Hood sold 55,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly 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 sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last three months. 2.99% of the stock is currently owned by insiders.

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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