Coastline Trust Co reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,693 shares of the software giant’s stock after selling 3,175 shares during the quarter. Microsoft accounts for about 1.3% of Coastline Trust Co’s holdings, making the stock its 8th biggest position. Coastline Trust Co’s holdings in Microsoft were worth $7,277,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Beach Investment Management LLC. raised its position in Microsoft by 947.3% in the second quarter. Beach Investment Management LLC. now owns 279,537 shares of the software giant’s stock worth $19,268,000 after acquiring an additional 252,847 shares during the period. TD Asset Management Inc. raised its position in Microsoft by 2.6% in the second quarter. TD Asset Management Inc. now owns 11,100,087 shares of the software giant’s stock worth $765,129,000 after acquiring an additional 285,354 shares during the period. Pictet Asset Management Ltd. raised its position in Microsoft by 0.6% in the second quarter. Pictet Asset Management Ltd. now owns 5,477,892 shares of the software giant’s stock worth $382,576,000 after acquiring an additional 33,326 shares during the period. Alley Co LLC raised its position in Microsoft by 0.8% in the second quarter. Alley Co LLC now owns 54,890 shares of the software giant’s stock worth $3,784,000 after acquiring an additional 461 shares during the period. Finally, Advisor Partners LLC raised its position in Microsoft by 10.9% in the second quarter. Advisor Partners LLC now owns 156,520 shares of the software giant’s stock worth $10,789,000 after acquiring an additional 15,375 shares during the period. Hedge funds and other institutional investors own 73.85% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. In the last three months, insiders sold 10,000 shares of company stock valued at $930,900. Corporate insiders own 1.49% of the company’s stock.
MSFT has been the topic of several research reports. Oppenheimer set a $100.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, January 1st. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Tuesday, December 26th. Royal Bank of Canada set a $100.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Finally, Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective on the stock. in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and an average target price of $100.14.
MSFT stock traded down $2.15 during midday trading on Friday, reaching $90.23. The company had a trading volume of 37,808,489 shares, compared to its average volume of 36,657,988. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. Microsoft Co. has a 1 year low of $64.85 and a 1 year high of $97.24. The stock has a market cap of $711,306.88, a PE ratio of 27.26, a P/E/G ratio of 2.14 and a beta of 1.07.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. research analysts expect that Microsoft Co. will post 3.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.86%. Microsoft’s dividend payout ratio is presently 50.76%.
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Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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