First United Bank Trust decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,010 shares of the software giant’s stock after selling 104 shares during the period. First United Bank Trust’s holdings in Microsoft Corporation were worth $621,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Hefty Wealth Partners increased its stake in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. increased its position in shares of Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after acquiring an additional 837 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of Microsoft Corporation during the first quarter worth about $132,000. Arcus Capital Partners LLC bought a new stake in shares of Microsoft Corporation during the first quarter worth about $205,000. Finally, Towercrest Capital Management bought a new stake in shares of Microsoft Corporation during the first quarter worth about $209,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Microsoft Corporation (MSFT) Position Cut by First United Bank Trust” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/11/microsoft-corporation-msft-position-cut-by-first-united-bank-trust.html.

Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.229% on Wednesday, reaching $76.115. 6,158,772 shares of the company were exchanged. Microsoft Corporation has a 52 week low of $56.32 and a 52 week high of $76.63. The company has a market capitalization of $259.34 billion, a price-to-earnings ratio of 28.087 and a beta of 1.01. The company’s 50-day moving average is $74.32 and its 200-day moving average is $70.89.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data 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 analyst estimates of $24.29 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Microsoft Corporation will post $3.20 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. Microsoft Corporation’s dividend payout ratio is 57.78%.

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada set a $77.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research report on Monday, September 18th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a research report on Tuesday, September 12th. Canaccord Genuity reissued a “hold” rating and set a $76.00 target price on shares of Microsoft Corporation in a research report on Friday, September 15th. Finally, ValuEngine downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $77.44.

In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

Receive News & Stock Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related stocks with our FREE daily email newsletter.