Check Capital Management Acquires 869 Shares of Microsoft Co. (MSFT)

Check Capital Management raised its position in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,181 shares of the software giant’s stock after buying an additional 869 shares during the period. Microsoft makes up approximately 0.5% of Check Capital Management’s portfolio, making the stock its 21st largest position. Check Capital Management’s holdings in Microsoft were worth $4,892,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Creative Planning increased its stake in shares of Microsoft by 66.7% in the fourth quarter. Creative Planning now owns 2,500 shares of the software giant’s stock valued at $0 after buying an additional 1,000 shares during the period. Taylor Wealth Management Partners boosted its position in Microsoft by 76.2% in the fourth quarter. Taylor Wealth Management Partners now owns 650 shares of the software giant’s stock valued at $36,000 after buying an additional 281 shares in the last quarter. Baystate Wealth Management bought a new position in Microsoft during the fourth quarter valued at about $256,000. Exchange Capital Management boosted its position in Microsoft by 6.1% in the fourth quarter. Exchange Capital Management now owns 4,783 shares of the software giant’s stock valued at $265,000 after buying an additional 275 shares in the last quarter. Finally, Kistler-Tiffany Companies boosted its position in Microsoft by 1.6% in the fourth quarter. Kistler-Tiffany Companies now owns 7,309 shares of the software giant’s stock valued at $405,000 after buying an additional 112 shares in the last quarter.

Shares of Microsoft Co. (NASDAQ:MSFT) opened at 50.50 on Friday. The stock’s 50 day moving average price is $52.44 and its 200-day moving average price is $49.85. The stock has a market cap of $399.42 billion and a price-to-earnings ratio of 35.74. Microsoft Co. has a 52 week low of $39.72 and a 52 week high of $56.85.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, January 28th. The software giant reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. The company had revenue of $25.70 billion for the quarter, compared to analyst estimates of $25.24 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. Microsoft’s revenue was down 1.7% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post $2.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Investors of record on Thursday, February 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.85%.

Several research firms have issued reports on MSFT. Nomura set a $65.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, February 9th. Citigroup Inc. restated a “sell” rating and set a $39.00 target price (down previously from $40.00) on shares of Microsoft in a research note on Friday, February 5th. Vetr upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating and set a $59.22 target price on the stock in a research note on Wednesday, February 3rd. FBR Co. restated a “buy” rating on shares of Microsoft in a research note on Sunday, January 31st. Finally, Piper Jaffray restated a “buy” rating on shares of Microsoft in a research note on Sunday, January 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.19.

In other Microsoft news, CMO Christopher C. Capossela sold 10,000 shares of the business’s stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $50.24, for a total transaction of $502,400.00. Following the sale, the chief marketing officer now directly owns 285,809 shares in the company, valued at $14,359,044.16. The sale was disclosed in a legal filing with the Securities Exchange Commission, which can be accessed through the SEC website. Also, CAO Frank H. Brod sold 4,000 shares of the business’s stock in a transaction dated Monday, February 1st. The stock was sold at an average price of $54.85, for a total transaction of $219,400.00. Following the sale, the chief accounting officer now owns 113,889 shares in the company, valued at $6,246,811.65. The disclosure for this sale can be found here.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (NASDAQ:MSFT) Licensing, DC Hardware, DC Other, Commercial Licensing, and Commercial Other.

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