Microsoft Corporation (MSFT) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp grew its stake in Microsoft Corporation (NASDAQ:MSFT) by 87.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,616 shares of the software giant’s stock after buying an additional 24,108 shares during the period. Microsoft accounts for 1.1% of Curbstone Financial Management Corp’s holdings, making the stock its 20th biggest position. Curbstone Financial Management Corp’s holdings in Microsoft were worth $3,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Appropriate Balance Financial Services Inc. raised its holdings in shares of Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the last quarter. Hefty Wealth Partners raised its holdings in shares of Microsoft by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the last quarter. Stelac Advisory Services LLC raised its holdings in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the last quarter. Finally, Opera Trading Capital raised its holdings in shares of Microsoft by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on MSFT. Argus raised shares of Microsoft from a “hold” rating to a “buy” rating and raised their target price for the stock from $57.28 to $95.00 in a report on Tuesday, October 31st. Goldman Sachs Group set a $92.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, October 27th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft in a report on Thursday, August 31st. Vetr cut shares of Microsoft from a “hold” rating to a “sell” rating and set a $78.90 target price for the company. in a report on Monday, October 30th. Finally, Barclays reissued an “overweight” rating and set a $89.00 target price (up previously from $82.00) on shares of Microsoft in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $85.28.

In other news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 over the last three months. Insiders own 1.49% of the company’s stock.

Microsoft Corporation (NASDAQ:MSFT) opened at $86.85 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 52 week low of $61.95 and a 52 week high of $87.09. The company has a market cap of $670,012.13, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Microsoft’s quarterly revenue was up 11.7% compared to the same quarter last year. equities analysts predict that Microsoft Corporation will post 3.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.

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About Microsoft

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 (NASDAQ:MSFT)

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