The Microsoft Corporation (NASDAQ:MSFT) Shares Sold by SeaBridge Investment Advisors LLC

Alain Brian
Juillet 17, 2017

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 27th. They now have a $74.93 price objective on the software giant's stock. Microsoft Corporation accounts for approximately 1.9% of Farmers & Merchants Investments Inc.'s investment portfolio, making the stock its 7th largest position. Bristol John W & Co. Inc.

MSFT's fiscal year ends Jun 30, 2016 and the most recent quarter started on Mar 31, 2017. Hedge funds and other institutional investors own 72.74% of the company's stock.

MannKind Corporation (MNKD) stock price tumbled -3.03% to finalize at $1.28 throughout previous buying and selling session. Gierl Augustine Investment Management Inc increased its position in shares of Microsoft Corporation by 0.3% in the first quarter.

GoPro, Inc. (NASDAQ:GPRO)'s stock on Friday traded at beginning with a price of $8.40 and when day-trade ended the stock finally plummeted -3.08% to reach at $8.18. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Microsoft Corporation during the fourth quarter valued at $161,000. Norges Bank acquired a new position in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Asset Planning Services Ltd. now owns 1,737 shares of the software giant's stock valued at $114,000 after buying an additional 837 shares during the period. ADV purchased a new stake in Microsoft Corporation during the fourth quarter valued at about $5,650,000. The stock's market capitalization is 561.90B, it has a 52-week low of 50.39 and a 52-week high of 73.27.

While trading at volume above than average, Microsoft Corporation (NASDAQ:MSFT) previous 52-week high was $72.89 and moved up 35.43% over the same period, trading at a volume of 25.77 million. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -8.24%, whereas SMA50 and SMA200 are -4.85% and -42.85% respectively. The software giant reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. The company had revenue of $23.56 billion for the quarter, compared to analyst estimates of $23.62 billion. During the same period in the prior year, the business earned $0.62 earnings per share. Microsoft Corporation's revenue was up 6.3% compared to the same quarter a year ago. Analysts predict that Microsoft Corporation will post $3.03 EPS for the current year. Shareholders of record on Thursday, August 17th will be paid a $0.39 dividend.

According to Yahoo Finance, The Dividend Date for Microsoft Corp is Sep 14, 2017 and its Ex-Dividend Date is Aug 15, 2017.

The good news is there's still room for Microsoft Corporation (MSFT) to grow.

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A number of brokerages recently weighed in on MSFT. Microsoft Corporation presently has an average rating of "Buy" and a consensus target price of $70.86. Jefferies Group LLC restated a "sell" rating and set a $45.00 price objective on shares of Microsoft Corporation in a research report on Monday. Deutsche Bank maintained the shares of HXL in report on Monday, December 5 with "Buy" rating. Stifel Nicolaus reaffirmed a "buy" rating and issued a $73.00 price target on shares of Microsoft Corporation in a research report on Sunday, July 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Morgan Stanley upgraded Microsoft Corporation (NASDAQ:MSFT) on Wednesday, January 13 to "Overweight" rating. Also, Director William H. Gates III sold 2,500,000 shares of the firm's stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total value of $173,500,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the company's stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the sale, the insider now owns 570,843 shares of the company's stock, valued at approximately $39,388,167. The disclosure for this sale can be found here. The Integral Derivatives Llc holds 235,100 shares with $2.38M value, up from 61,900 last quarter. Vetr upgraded Microsoft Corporation (NASDAQ:MSFT) on Wednesday, September 2 to "Strong-Buy" rating. The Firm 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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