Bath Savings Trust Co reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,213 shares of the software giant’s stock after selling 1,498 shares during the quarter. Bath Savings Trust Co’s holdings in Microsoft were worth $4,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares in the last quarter. State Street Corp raised its position in Microsoft by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after acquiring an additional 2,552,473 shares in the last quarter. Capital Research Global Investors raised its position in Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after acquiring an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC raised its position in Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after acquiring an additional 42,243,011 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Microsoft by 1.1% in the second quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after acquiring an additional 425,485 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

In other news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the transaction, the executive vice president now owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $3,759,420. Corporate insiders own 1.49% of the company’s stock.

Several equities research analysts have commented on the stock. UBS set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research report on Tuesday, November 7th. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target on the stock. in a research report on Monday, December 11th. Deutsche Bank reiterated a “buy” rating and issued a $100.00 price target on shares of Microsoft in a research report on Friday, November 3rd. Finally, Argus upgraded shares of Microsoft from a “hold” rating to a “buy” rating and boosted their price target for the stock from $57.28 to $95.00 in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $85.28.

Shares of Microsoft Corporation (MSFT) opened at $86.85 on Monday. Microsoft Corporation has a 1-year low of $61.95 and a 1-year high of $87.09. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $670,012.13, a P/E ratio of 25.70, a P/E/G ratio of 2.02 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts predict that Microsoft Corporation will post 3.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.93%. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.

ILLEGAL ACTIVITY WARNING: “Microsoft Corporation (MSFT) Position Decreased by Bath Savings Trust Co” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/microsoft-corporation-msft-position-decreased-by-bath-savings-trust-co/1770951.html.

Microsoft Company Profile

Microsoft Corporation is a technology company. The Company 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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.