Microsoft Corporation (NASDAQ:MSFT) has just rolled out a Cellular Data App, which will allow users of Windows 10 devices to connect to the internet without WiFi. The app will run alongside a SIM card which the company will apparently be releasing sometime soon.
Shares of Microsoft Corporation (NASDAQ:MSFT) are trading up 0.86% in the pre-market this morning, after this news broke. In essence, the app, combined with the SIM card, will allow owners of Windows 10 devices — no word yet on exactly which devices — to access the internet via contract free LTE. This means, if you don’t have a data plan through your cell phone service provider, you would still be able to access the internet without the need to sign a long term contract.
Pricing details have not yet been made available, and no official announcement has been made by Microsoft Corporation (NASDAQ:MSFT). The stock decreased 3.48% or $1.88 during the last trading session, hitting $52.17. Approximately 8,568 shares traded hands. MSFT shares have risen 12.53% since June 4, 2015 and are currently uptrending. It has outperformed the S&P500 by 18.39%.
From a total of 16 analysts covering Microsoft Corporation (NASDAQ:MSFT) stock, 12 rate it a “Buy”, 1 a “Sell”, and 3 a “Hold”. This means that 75% of the ratings are positive. The highest target price is $65 while the lowest target price is $20. The mean of all analyst targets is $53.68 which is 2.89% above today’s ($52.17) stock price. Microsoft Corporation was the topic of 34 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on January 6 with a “Overweight” rating. Vetr upgraded shares to a”Strong-Buy” rating and a $47.60 target share price in their report from a September 2. Goldman Sachs upgraded MSFT stock in a recent report from December 18 to a “Neutral” rating. Global Equities Research maintained the rating on August 28. Global Equities Research has a “Overweight” rating and a $50 price target on shares. Finally, Raymond James upgraded the stock to a “Strong Buy” rating in a report they issued on a November 30.
The institutional sentiment increased to 1.08 in Q2 2015. It’s up 0.32, from 0.76 in 2015Q2. The ratio increased, as 69 funds sold all their Microsoft Corporation shares they owned while 801 reduced their positions. 93 funds bought stakes while 843 increased their total positions. Institutions now own 5.20 billion shares which is 8.27% less than the previous share count of 5.67 billion in 2015Q2.
Cook & Bynum Capital Management Llc holds 25.5% of its total portfolio in Microsoft Corporation, equating to 717,081 shares. Rwwm Inc. owns 895,414 shares representing 19.69% of their total US portfolio. Moreover, Valueact Holdings L.P. has 19.37% of their total portfolio invested in the company, equating to 75.27 million shares. The California-based Smithwood Advisers L.P. has a total of 17.28% of their portfolio invested in the stock. Deccan Value Investors L.P., a Connecticut-based fund reported 2.26 million shares owned.
Since April 28, 2015, the stock had 0 insider buys, and 4 sales for a total of $370.34 million in net activity. Gates William H Iii sold 4.00M shares worth $185.75 million. Turner Brian Kevin sold 69,158 shares worth $3.16M. Capossela Christopher C sold 4,485 shares worth $218,464. Brod Frank H sold 4,500 shares worth $215,294.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software services and products. The company has a market cap of $431.75 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 35.05 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.