Trust Co. of Toledo NA OH boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,495 shares of the software giant’s stock after purchasing an additional 4,434 shares during the period. Microsoft comprises 4.1% of Trust Co. of Toledo NA OH’s holdings, making the stock its 3rd biggest holding. Trust Co. of Toledo NA OH’s holdings in Microsoft were worth $16,216,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Highwater Wealth Management LLC bought a new position in shares of Microsoft during the fourth quarter valued at approximately $27,000. Quantamental Technologies LLC bought a new position in shares of Microsoft during the fourth quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC bought a new position in shares of Microsoft during the fourth quarter valued at approximately $30,000. Ayalon Holdings Ltd. bought a new position in shares of Microsoft during the fourth quarter valued at approximately $41,000. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Microsoft by 113.1% during the fourth quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock valued at $55,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 72.04% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Microsoft in a research note on Thursday, April 18th. Credit Suisse Group reiterated a “buy” rating and set a $125.00 price objective on shares of Microsoft in a research note on Friday, March 22nd. Deutsche Bank increased their price objective on shares of Microsoft from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Raymond James increased their price objective on shares of Microsoft from $142.00 to $149.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 25th. Finally, Mizuho reiterated a “top pick” rating and set a $142.00 price objective (up from $135.00) on shares of Microsoft in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average target price of $135.75.
In other Microsoft news, EVP Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $128.87, for a total value of $386,610.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 15,947 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the completion of the transaction, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,247 shares of company stock valued at $28,204,754. Corporate insiders own 1.38% of the company’s stock.
NASDAQ:MSFT opened at $132.45 on Monday. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $134.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93. The company has a market cap of $1,014.94 billion, a P/E ratio of 34.14, a PEG ratio of 2.33 and a beta of 1.22.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.14. The business had revenue of $30.57 billion during the quarter, compared to analysts’ expectations of $29.86 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $0.95 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 4.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.39%. Microsoft’s dividend payout ratio is currently 47.42%.
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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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