First Personal Financial Services Sells 8,547 Shares of Microsoft Co. (MSFT)
First Personal Financial Services trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 9.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,692 shares of the software giant’s stock after selling 8,547 shares during the period. Microsoft accounts for approximately 1.7% of First Personal Financial Services’ investment portfolio, making the stock its 9th biggest position. First Personal Financial Services’ holdings in Microsoft were worth $7,729,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballew Advisors Inc acquired a new position in Microsoft during the first quarter worth $164,000. Chartist Inc. CA bought a new position in Microsoft during the first quarter worth $207,000. Francis Financial Inc. bought a new position in Microsoft during the first quarter worth $211,000. Financial Gravity Wealth Inc. bought a new position in Microsoft during the first quarter worth $221,000. Finally, AlphaStar Capital Management LLC bought a new position in Microsoft during the fourth quarter worth $204,000. Institutional investors and hedge funds own 72.34% of the company’s stock.
In other news, Director Sandra E. Peterson acquired 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The stock was acquired at an average price of $101.96 per share, with a total value of $550,584.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $550,584. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the sale, the chief executive officer now directly owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. Insiders have sold 442,880 shares of company stock valued at $48,304,569 in the last ninety days. 1.49% of the stock is currently owned by company insiders.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. Microsoft’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. analysts anticipate that Microsoft Co. will post 4.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.68 annualized dividend and a yield of 1.57%. Microsoft’s dividend payout ratio is 43.30%.
A number of equities analysts have commented on MSFT shares. Royal Bank of Canada reaffirmed a “$104.40” rating and set a $115.00 price objective on shares of Microsoft in a research report on Thursday, July 19th. Credit Suisse Group reaffirmed a “$105.12” rating and set a $115.00 price objective on shares of Microsoft in a research report on Wednesday, July 18th. Deutsche Bank reaffirmed a “$105.12” rating on shares of Microsoft in a research report on Wednesday, July 18th. Argus lifted their price objective on shares of Microsoft from $116.00 to $128.00 and gave the stock a “$107.97” rating in a research report on Monday, July 23rd. Finally, TheStreet raised shares of Microsoft from a “c+” rating to an “a-” rating in a research report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Microsoft presently has an average rating of “Buy” and a consensus price target of $118.11.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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