Microsoft Corporation (MSFT) Position Cut by First United Bank Trust
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.
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.
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