Microsoft Corp. (MSFT) is Trust Co. of Virginia VA’s 10th Largest Position
Trust Co. of Virginia VA raised its position in Microsoft Corp. (NASDAQ:MSFT) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,968 shares of the software giant’s stock after buying an additional 5,568 shares during the period. Microsoft Corp. makes up 2.0% of Trust Co. of Virginia VA’s holdings, making the stock its 10th largest position. Trust Co. of Virginia VA’s holdings in Microsoft Corp. were worth $11,256,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the company. Invictus RG acquired a new position in Microsoft Corp. during the first quarter worth $107,000. Wrapmanager Inc. acquired a new position in Microsoft Corp. during the first quarter worth $205,000. CLS Investments LLC raised its position in Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock worth $206,000 after buying an additional 3,206 shares during the period. Northstar Group Inc. raised its position in Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the period. Finally, Westend Capital Management LLC acquired a new position in Microsoft Corp. during the first quarter worth $244,000. 71.58% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.35% during midday trading on Friday, reaching $57.60. The company had a trading volume of 29,910,788 shares. The stock has a market capitalization of $448.85 billion, a PE ratio of 27.43 and a beta of 1.08. The firm’s 50 day moving average is $57.50 and its 200 day moving average is $54.21. Microsoft Corp. has a 1-year low of $45.70 and a 1-year high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The company earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is currently 70.24%.
A number of brokerages recently commented on MSFT. BMO Capital Markets reissued a “buy” rating and set a $57.00 price target on shares of Microsoft Corp. in a research note on Sunday, July 17th. Nomura reissued a “buy” rating on shares of Microsoft Corp. in a research note on Sunday, July 17th. Evercore ISI reissued a “buy” rating on shares of Microsoft Corp. in a research note on Monday, June 13th. Deutsche Bank AG reissued a “buy” rating and set a $65.00 price target on shares of Microsoft Corp. in a research note on Wednesday, June 15th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Microsoft Corp. in a research note on Tuesday, June 14th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Microsoft Corp. has an average rating of “Buy” and a consensus target price of $59.41.
In other Microsoft Corp. news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider G Mason Morfit sold 18,000,000 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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