Trust Co. of Vermont Grows Stake in Microsoft Corporation (MSFT)
Trust Co. of Vermont grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,929 shares of the software giant’s stock after purchasing an additional 7,677 shares during the quarter. Microsoft Corporation makes up approximately 1.4% of Trust Co. of Vermont’s holdings, making the stock its 15th biggest position. Trust Co. of Vermont’s holdings in Microsoft Corporation were worth $13,298,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Investec Asset Management LTD increased its position in shares of Microsoft Corporation by 43.5% during the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. State Street Corp increased its position in shares of Microsoft Corporation by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Steadfast Capital Management LP increased its position in shares of Microsoft Corporation by 63.0% during the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Microsoft Corporation during the 1st quarter valued at about $99,933,000. Finally, Boston Partners increased its position in shares of Microsoft Corporation by 14.1% during the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after purchasing an additional 1,435,233 shares during the last quarter. 73.40% of the stock is owned by hedge funds and other institutional investors.
In related news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock worth $515,879,974 in the last quarter. Company insiders own 2.99% of the company’s stock.
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Several equities research analysts have recently commented on MSFT shares. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Zacks Investment Research lowered shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Microsoft Corporation in a report on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have given a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $77.44.
Shares of Microsoft Corporation (MSFT) traded up 0.04% during trading on Friday, hitting $76.00. The stock had a trading volume of 13,959,814 shares. The company’s 50 day moving average price is $74.09 and its 200 day moving average price is $70.63. Microsoft Corporation has a 12 month low of $56.32 and a 12 month high of $76.12. The stock has a market cap of $585.37 billion, a price-to-earnings ratio of 28.04 and a beta of 1.01. Microsoft Corporation also was the recipient of some unusual options trading on Thursday. Traders purchased 46,917 call options on the stock. This represents an increase of approximately 117% compared to the average volume of 21,578 call options.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. Equities research analysts expect that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is currently 57.78%.
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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