Microsoft Corporation (MSFT) Position Increased by Perkins Coie Trust Co
Perkins Coie Trust Co increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 11.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,200 shares of the software giant’s stock after purchasing an additional 10,259 shares during the period. Microsoft Corporation accounts for 3.7% of Perkins Coie Trust Co’s investment portfolio, making the stock its 3rd largest holding. Perkins Coie Trust Co’s holdings in Microsoft Corporation were worth $6,907,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of MSFT. Aspen Investment Management Inc boosted its stake in Microsoft Corporation by 0.4% during the 4th quarter. Aspen Investment Management Inc now owns 32,195 shares of the software giant’s stock worth $2,001,000 after purchasing an additional 125 shares during the period. Pegasus Partners Ltd. boosted its stake in Microsoft Corporation by 0.4% during the 4th quarter. Pegasus Partners Ltd. now owns 58,251 shares of the software giant’s stock worth $3,620,000 after purchasing an additional 236 shares during the period. Teachers Advisors LLC boosted its stake in Microsoft Corporation by 7.8% during the 4th quarter. Teachers Advisors LLC now owns 16,381,888 shares of the software giant’s stock worth $1,017,971,000 after purchasing an additional 1,183,740 shares during the period. Kentucky Retirement Systems acquired a new stake in Microsoft Corporation during the 4th quarter worth $35,060,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Microsoft Corporation during the 4th quarter worth $15,643,000. Hedge funds and other institutional investors own 73.40% of the company’s stock.
In related news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders sold 7,108,526 shares of company stock worth $515,879,974 in the last 90 days. 2.99% of the stock is currently owned by corporate insiders.
Microsoft Corporation (NASDAQ MSFT) traded up 0.27% on Friday, hitting $74.41. 14,111,365 shares of the stock were exchanged. The company’s 50 day moving average price is $73.41 and its 200-day moving average price is $69.80. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.97. The company has a market cap of $573.12 billion, a P/E ratio of 27.46 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post $3.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.26%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
MSFT has been the subject of a number of recent research reports. ValuEngine upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research cut shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, KeyCorp reiterated a “buy” rating and set a $82.00 price target on shares of Microsoft Corporation in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft Corporation currently has an average rating of “Buy” and an average price target of $76.72.
Microsoft Corporation 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.
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