Cambridge Trust Co. Purchases 8,639 Shares of Microsoft Corporation (MSFT)
Cambridge Trust Co. boosted its position in Microsoft Corporation (NASDAQ:MSFT) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 572,289 shares of the software giant’s stock after buying an additional 8,639 shares during the period. Microsoft Corporation makes up about 2.5% of Cambridge Trust Co.’s portfolio, making the stock its 4th largest position. Cambridge Trust Co.’s holdings in Microsoft Corporation were worth $37,690,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Marietta Wealth Management LLC purchased a new stake in Microsoft Corporation during the fourth quarter worth approximately $2,512,000. Flinton Capital Management LLC purchased a new stake in Microsoft Corporation during the fourth quarter worth approximately $55,998,000. Cpcm LLC purchased a new stake in Microsoft Corporation during the fourth quarter worth approximately $16,824,000. Sand Hill Global Advisors LLC increased its stake in Microsoft Corporation by 1.9% in the fourth quarter. Sand Hill Global Advisors LLC now owns 79,308 shares of the software giant’s stock worth $4,928,000 after buying an additional 1,451 shares during the last quarter. Finally, Cantab Capital Partners LLP increased its stake in Microsoft Corporation by 25.3% in the fourth quarter. Cantab Capital Partners LLP now owns 33,051 shares of the software giant’s stock worth $2,054,000 after buying an additional 6,664 shares during the last quarter. Institutional investors and hedge funds own 72.64% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.10% on Tuesday, hitting $73.27. 3,890,876 shares of the stock traded hands. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The stock has a market cap of $564.34 billion, a P/E ratio of 27.04 and a beta of 1.01. The stock has a 50-day moving average price of $71.77 and a 200 day moving average price of $68.08.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
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A number of analysts have recently commented on MSFT shares. Piper Jaffray Companies restated an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a report on Wednesday, April 19th. Pacific Crest reaffirmed a “buy” rating and set a $70.00 price target on shares of Microsoft Corporation in a research report on Thursday, April 20th. Morgan Stanley reaffirmed a “buy” rating and set a $72.00 price target on shares of Microsoft Corporation in a research report on Thursday, April 20th. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $69.32 price target for the company. in a research report on Monday, April 24th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $60.00 price target on shares of Microsoft Corporation in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.15.
In related news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,057,855 shares of company stock valued at $512,044,578. Insiders own 2.99% of the company’s stock.
About Microsoft Corporation
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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