Glenview Trust Co Purchases 5,756 Shares of Microsoft Corporation $MSFT

Glenview Trust Co increased its position in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 473,004 shares of the software giant’s stock after purchasing an additional 5,756 shares during the period. Microsoft comprises about 3.5% of Glenview Trust Co’s portfolio, making the stock its 3rd largest holding. Glenview Trust Co’s holdings in Microsoft were worth $228,754,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Longfellow Investment Management Co. LLC raised its stake in Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after buying an additional 20 shares during the period. Bernzott Capital Advisors acquired a new position in Microsoft during the 4th quarter worth approximately $34,000. Fairway Wealth LLC raised its stake in Microsoft by 287.0% during the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock worth $43,000 after buying an additional 66 shares during the period. LSV Asset Management acquired a new position in Microsoft during the 4th quarter worth approximately $44,000. Finally, Sellwood Investment Partners LLC acquired a new position in Microsoft during the 3rd quarter worth approximately $49,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of Microsoft stock opened at $416.67 on Monday. The company has a market cap of $3.10 trillion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. Microsoft Corporation has a 52 week low of $356.28 and a 52 week high of $555.45. The business has a 50 day moving average price of $407.63 and a 200-day moving average price of $431.54. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.06 by $0.21. The company had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.Microsoft’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the business posted $3.46 earnings per share. Equities analysts anticipate that Microsoft Corporation will post 16.76 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 21st. Microsoft’s dividend payout ratio (DPR) is presently 21.67%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Phillip Securities raised Microsoft to a “buy” rating and set a $485.00 price target on the stock in a research note on Wednesday, May 13th. Citigroup started coverage on Microsoft in a research note on Monday, June 1st. They issued a “market outperform” rating for the company. Wells Fargo & Company increased their price objective on Microsoft from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. China Renaissance lowered their price objective on Microsoft from $630.00 to $550.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Sanford C. Bernstein increased their price objective on Microsoft from $641.00 to $646.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Forty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $561.20.

Read Our Latest Report on MSFT

Key Microsoft News

Here are the key news stories impacting Microsoft this week:

Insider Buying and Selling

In related news, EVP Amy Coleman sold 1,262 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the completion of the sale, the executive vice president directly owned 46,003 shares of the company’s stock, valued at approximately $18,922,874.02. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Judson Althoff sold 15,500 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $460.99, for a total value of $7,145,345.00. Following the sale, the chief executive officer directly owned 110,477 shares of the company’s stock, valued at $50,928,792.23. The trade was a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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