Washington Trust Bank Boosts Stake in Microsoft Corporation (NASDAQ:MSFT)
Washington Trust Bank increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,763 shares of the software giant’s stock after buying an additional 4,073 shares during the period. Microsoft Corporation makes up approximately 1.6% of Washington Trust Bank’s investment portfolio, making the stock its 5th largest position. Washington Trust Bank’s holdings in Microsoft Corporation were worth $7,229,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in Microsoft Corporation by 2.8% in the fourth quarter. State Street Corp now owns 316,129,357 shares of the software giant’s stock valued at $19,644,277,000 after buying an additional 8,757,128 shares in the last quarter. FMR LLC increased its stake in shares of Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock worth $11,020,210,000 after buying an additional 17,606,133 shares during the period. Norges Bank acquired a new stake in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Janus Capital Management LLC increased its stake in shares of Microsoft Corporation by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock worth $3,061,887,000 after buying an additional 4,250,705 shares during the period. Finally, Dodge & Cox acquired a new stake in shares of Microsoft Corporation during the fourth quarter worth about $2,658,504,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Shares of Microsoft Corporation (MSFT) traded down 0.39% during midday trading on Monday, hitting $72.40. 18,699,839 shares of the stock were exchanged. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The firm’s 50-day moving average is $71.23 and its 200-day moving average is $67.50. The stock has a market cap of $558.06 billion, a price-to-earnings ratio of 26.72 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. Microsoft Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post $3.22 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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A number of equities research analysts recently issued reports on MSFT shares. Pacific Crest reiterated a “buy” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr downgraded Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target on the stock. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of Microsoft Corporation in a research report on Monday, May 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $76.15.
In other news, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares in the company, valued at approximately $14,718,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now owns 570,843 shares of the company’s stock, valued at approximately $39,388,167. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,855 shares of company stock valued at $4,331,908. 2.99% of the stock is owned by insiders.
Microsoft Corporation Company 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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