Pioneer Trust Bank N A OR trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,923 shares of the software giant’s stock after selling 1,570 shares during the period. Microsoft comprises about 3.9% of Pioneer Trust Bank N A OR’s holdings, making the stock its 4th largest position. Pioneer Trust Bank N A OR’s holdings in Microsoft were worth $7,863,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in MSFT. Acrospire Investment Management LLC lifted its position in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC lifted its position in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services lifted its position in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares in the last quarter. AlphaMark Advisors LLC lifted its position in shares of Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares in the last quarter. Finally, Family Capital Trust Co bought a new position in shares of Microsoft during the fourth quarter valued at about $188,000. 73.85% of the stock is currently owned by hedge funds and other institutional investors.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction that occurred 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 sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on the stock. JPMorgan Chase set a $94.00 price target on shares of Microsoft and gave the company a “neutral” rating in a research report on Thursday, February 1st. William Blair reissued a “buy” rating on shares of Microsoft in a research report on Wednesday, March 21st. Royal Bank of Canada set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, February 1st. Atlantic Securities set a $97.00 price target on shares of Microsoft and gave the company a “neutral” rating in a research report on Thursday, February 1st. Finally, Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $95.65 price target on the stock. in a research report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.14.
Shares of NASDAQ:MSFT opened at $90.23 on Friday. The company has a market cap of $710,921.88, a P/E ratio of 27.26, a PEG ratio of 2.14 and a beta of 1.07. Microsoft Co. has a 12 month low of $64.85 and a 12 month high of $97.24. 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 (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. equities research analysts anticipate that Microsoft Co. will post 3.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.86%. Microsoft’s dividend payout ratio is currently 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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