Trust Co. of Virginia VA increased its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,968 shares of the software giant’s stock after buying an additional 5,568 shares during the period. Microsoft Corp. makes up approximately 2.0% of Trust Co. of Virginia VA’s portfolio, making the stock its 10th largest position. Trust Co. of Virginia VA’s holdings in Microsoft Corp. were worth $11,256,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Invictus RG acquired a new stake in shares of Microsoft Corp. during the first quarter valued at $107,000. Wrapmanager Inc. acquired a new stake in shares of Microsoft Corp. during the first quarter valued at $205,000. CLS Investments LLC increased its stake in shares of Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock valued at $206,000 after buying an additional 3,206 shares during the period. Northstar Group Inc. increased its stake in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the period. Finally, Westend Capital Management LLC acquired a new stake in shares of Microsoft Corp. during the first quarter valued at $244,000. Institutional investors own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.35% on Friday, hitting $57.60. 29,910,788 shares of the stock traded hands. The stock has a 50-day moving average of $57.50 and a 200-day moving average of $54.21. The firm has a market cap of $448.85 billion, a price-to-earnings ratio of 27.43 and a beta of 1.08. Microsoft Corp. has a 12-month low of $45.70 and a 12-month high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The company earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same period in the previous year, the firm posted $0.60 earnings per share. Analysts forecast that Microsoft Corp. will post $2.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is currently 70.24%.
Several brokerages have recently weighed in on MSFT. Vetr upgraded shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 target price for the company in a research note on Tuesday, June 14th. BMO Capital Markets reiterated a “buy” rating and set a $57.00 target price on shares of Microsoft Corp. in a research note on Sunday, July 17th. Nomura reiterated a “buy” rating on shares of Microsoft Corp. in a research note on Sunday, July 17th. Sanford C. Bernstein set a $69.00 target price on shares of Microsoft Corp. and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Cowen and Company reiterated an “outperform” rating and set a $60.00 target price on shares of Microsoft Corp. in a research note on Friday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.41.
In related news, CFO Amy Hood sold 120,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $57.86, for a total transaction of $6,943,200.00. Following the completion of the sale, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at approximately $30,285,370.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider G Mason Morfit sold 18,000,000 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.76% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corp. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corp. and related companies with MarketBeat.com's FREE daily email newsletter.