Toronto Dominion Bank increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 44.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,891,366 shares of the software giant’s stock after acquiring an additional 1,203,550 shares during the period. Microsoft comprises approximately 0.9% of Toronto Dominion Bank’s investment portfolio, making the stock its 16th largest holding. Toronto Dominion Bank owned 0.11% of Microsoft worth $268,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Capital Management LP raised its stake in Microsoft by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after buying an additional 22 shares during the period. Nottingham Advisors Inc. raised its stake in Microsoft by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares during the period. American Economic Planning Group Inc. ADV raised its stake in Microsoft by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after buying an additional 23 shares during the period. Carderock Capital Management Inc. raised its stake in Microsoft by 0.7% in the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after buying an additional 26 shares during the period. Finally, Appropriate Balance Financial Services Inc. raised its stake in Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Shares of Microsoft Corporation (MSFT) opened at $84.69 on Friday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 1-year low of $61.95 and a 1-year high of $86.20. The firm has a market capitalization of $660,214.63, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period last year, the business posted $0.76 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. sell-side analysts predict that Microsoft Corporation will post 3.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.98%. Microsoft’s payout ratio is currently 57.14%.

Several equities analysts have recently commented on MSFT shares. KeyCorp reaffirmed a “buy” rating and issued a $82.00 target price on shares of Microsoft in a research report on Sunday, September 10th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, September 8th. Oppenheimer reaffirmed a “buy” rating and issued a $80.00 target price on shares of Microsoft in a research report on Thursday, September 7th. Vetr raised Microsoft from a “hold” rating to a “buy” rating and set a $77.30 target price on the stock in a research report on Wednesday, September 6th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $90.00 target price on shares of Microsoft in a research report on Sunday, August 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. Microsoft presently has an average rating of “Buy” and an average price target of $85.28.

In other news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is currently owned by company insiders.

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About Microsoft

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 (NASDAQ:MSFT)

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