New Capital Management LP Invests $266,000 in Microsoft Co. (MSFT)

New Capital Management LP purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,283 shares of the software giant’s stock, valued at approximately $266,000. Microsoft comprises 0.4% of New Capital Management LP’s investment portfolio, making the stock its 19th largest position.

A number of other large investors have also made changes to their positions in MSFT. Peddock Capital Advisors LLC acquired a new stake in shares of Microsoft during the third quarter valued at about $130,000. JJJ Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter valued at about $186,000. Windsor Capital Management LLC acquired a new stake in shares of Microsoft during the third quarter valued at about $206,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Microsoft during the third quarter valued at about $212,000. Finally, Harvest Capital Management Inc acquired a new stake in shares of Microsoft during the third quarter valued at about $220,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Microsoft Co. (NASDAQ:MSFT) opened at 64.93 on Tuesday. Microsoft Co. has a 12 month low of $48.03 and a 12 month high of $65.91. The company’s 50-day moving average is $64.39 and its 200 day moving average is $61.08. The firm has a market cap of $501.75 billion, a P/E ratio of 30.56 and a beta of 1.08.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, January 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.79 by $0.05. The company earned $26.07 billion during the quarter, compared to the consensus estimate of $25.13 billion. Microsoft had a return on equity of 32.12% and a net margin of 19.57%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Equities research analysts expect that Microsoft Co. will post $2.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, May 16th. Microsoft’s payout ratio is presently 73.59%.

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Several brokerages have issued reports on MSFT. Pacific Crest set a $70.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Saturday, January 28th. Wunderlich boosted their price target on shares of Microsoft from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 27th. Sanford C. Bernstein set a $76.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, March 9th. William Blair reissued an “outperform” rating on shares of Microsoft in a report on Monday. Finally, Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $63.65 price target on the stock. in a report on Wednesday, December 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $67.28.

In other Microsoft news, insider Frank H. Brod sold 7,500 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $65.35, for a total transaction of $490,125.00. Following the completion of the sale, the insider now owns 114,008 shares of the company’s stock, valued at approximately $7,450,422.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider G Mason Morfit sold 11,000,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $63.32, for a total value of $696,520,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 19,623,500 shares of company stock valued at $1,253,600,525. 2.99% of the stock is currently owned by insiders.

Microsoft 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.

5 Day Chart for NASDAQ:MSFT

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