Microsoft Corporation (MSFT) Shares Sold by CENTRAL TRUST Co
CENTRAL TRUST Co cut its position in Microsoft Corporation (NASDAQ:MSFT) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,397 shares of the software giant’s stock after selling 849 shares during the quarter. Microsoft Corporation makes up about 1.2% of CENTRAL TRUST Co’s holdings, making the stock its 21st biggest position. CENTRAL TRUST Co’s holdings in Microsoft Corporation were worth $17,398,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of MSFT. Tompkins Financial Corp grew its position in Microsoft Corporation by 21.1% in the 1st quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after purchasing an additional 18,225 shares during the last quarter. State of Wisconsin Investment Board grew its position in Microsoft Corporation by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after purchasing an additional 530,893 shares during the last quarter. HPM Partners LLC grew its position in Microsoft Corporation by 293.5% in the 1st quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock worth $10,608,000 after purchasing an additional 120,135 shares during the last quarter. Cribstone Capital Management LLC grew its position in Microsoft Corporation by 33.5% in the 1st quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock worth $2,554,000 after purchasing an additional 9,768 shares during the last quarter. Finally, Murphy Capital Management Inc. grew its position in Microsoft Corporation by 3.9% in the 1st quarter. Murphy Capital Management Inc. now owns 74,816 shares of the software giant’s stock worth $4,927,000 after purchasing an additional 2,776 shares during the last quarter. Institutional investors and hedge funds own 73.37% of the company’s stock.
In related news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is currently owned by insiders.
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Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 0.01% during mid-day trading on Thursday, hitting $77.62. 4,047,140 shares of the stock were exchanged. The stock has a market capitalization of $597.85 billion, a P/E ratio of 28.64 and a beta of 1.01. Microsoft Corporation has a 12-month low of $56.66 and a 12-month high of $77.87. The stock’s 50 day moving average price is $75.08 and its 200-day moving average price is $71.36.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter last year, the firm posted $0.69 EPS. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Microsoft Corporation will post $3.19 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.16%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
Several analysts have issued reports on MSFT shares. Zacks Investment Research upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. 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 report on Monday, July 10th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a research report on Sunday, July 9th. Finally, Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $77.66.
About Microsoft Corporation
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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