Community Bank N.A. reduced its position in Microsoft Corp. (NASDAQ:MSFT) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 73,244 shares of the software giant’s stock after selling 1,500 shares during the period. Community Bank N.A.’s holdings in Microsoft Corp. were worth $3,747,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new position in shares of Microsoft Corp. during the first quarter worth about $370,367,000. Alecta Pensionsforsakring Omsesidigt purchased a new position in shares of Microsoft Corp. during the first quarter worth about $229,204,000. 1832 Asset Management L.P. boosted its position in shares of Microsoft Corp. by 51.3% in the first quarter. 1832 Asset Management L.P. now owns 10,051,624 shares of the software giant’s stock worth $919,310,000 after buying an additional 3,407,829 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Microsoft Corp. by 4.6% in the first quarter. BlackRock Group LTD now owns 65,277,591 shares of the software giant’s stock worth $3,605,281,000 after buying an additional 2,858,044 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Microsoft Corp. by 8.1% in the first quarter. Legal & General Group Plc now owns 34,230,535 shares of the software giant’s stock worth $1,890,467,000 after buying an additional 2,567,667 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.67% during trading on Friday, reaching $57.43. The company’s stock had a trading volume of 19,955,336 shares. The stock has a 50 day moving average price of $57.58 and a 200 day moving average price of $54.03. Microsoft Corp. has a 1-year low of $43.05 and a 1-year high of $58.70. The stock has a market capitalization of $447.52 billion, a PE ratio of 27.35 and a beta of 1.08.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the prior year, the company posted $0.60 EPS. Analysts anticipate that Microsoft Corp. will post $2.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is 70.24%.
A number of equities analysts recently issued reports on the stock. Vetr upgraded shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 price target on the stock in a research note on Tuesday, June 14th. BMO Capital Markets restated a “buy” rating and set a $57.00 target price on shares of Microsoft Corp. in a research note on Sunday, July 17th. Nomura restated a “buy” rating on shares of Microsoft Corp. in a research note on Sunday, July 17th. Sanford C. Bernstein set a $69.00 target price on shares of Microsoft Corp. and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, Macquarie restated a “neutral” rating and set a $54.00 target price on shares of Microsoft Corp. in a research note on Friday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.35.
In other news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total value of $139,850,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider G Mason Morfit sold 18,000,000 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total value of $1,010,160,000.00. The disclosure for this sale can be found here. 3.76% of the stock is owned by insiders.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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