Microsoft Corporation (MSFT) Shares Sold by Peoples Bank OH
Peoples Bank OH lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,728 shares of the software giant’s stock after selling 50 shares during the quarter. Peoples Bank OH’s holdings in Microsoft Corporation were worth $739,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Investec Asset Management LTD increased its holdings in shares of Microsoft Corporation by 43.5% in the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. State Street Corp increased its holdings in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Microsoft Corporation by 6,647.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock valued at $29,715,000 after purchasing an additional 2,017,899 shares during the last quarter. Steadfast Capital Management LP increased its holdings in shares of Microsoft Corporation by 63.0% in the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Microsoft Corporation in the first quarter valued at approximately $99,933,000. 73.35% of the stock is owned by institutional investors and hedge funds.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares of the company’s stock, valued at $39,776,406. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was 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. Insiders sold 7,081,763 shares of company stock worth $513,899,512 in the last three months. 1.49% of the stock is currently owned by corporate insiders.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the company posted $0.76 earnings per share. Microsoft Corporation’s revenue was up 11.7% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is currently 53.06%.
Several research firms recently commented on MSFT. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $88.00 price target (up previously from $78.00) on shares of Microsoft Corporation in a report on Tuesday, July 18th. Argus raised Microsoft Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $57.28 to $95.00 in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a report on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Finally, Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $82.61.
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Microsoft Corporation 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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