Plimoth Trust Co. LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,504 shares of the software giant’s stock after selling 1,223 shares during the period. Microsoft comprises about 2.2% of Plimoth Trust Co. LLC’s portfolio, making the stock its 7th largest holding. Plimoth Trust Co. LLC’s holdings in Microsoft were worth $6,632,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new stake in shares of Microsoft during the 4th quarter worth about $26,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of Microsoft by 274.5% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after buying an additional 140 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of Microsoft by 21.1% during the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after buying an additional 561 shares during the period. Mackey Komara & Dankovich LLC boosted its holdings in shares of Microsoft by 335.8% during the 2nd quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock worth $113,000 after buying an additional 2,770 shares during the period. Finally, Asset Planning Services Ltd. bought a new stake in shares of Microsoft during the 2nd quarter worth about $116,000. 72.49% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on MSFT. Stifel Nicolaus lifted their target price on shares of Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Goldman Sachs Group set a $151.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. Wedbush reaffirmed an “outperform” rating on shares of Microsoft in a report on Thursday, August 29th. CIBC lifted their target price on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group set a $93.00 target price on shares of Microsoft and gave the stock a “sell” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $149.21.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The business’s revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 5.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is 38.74%.
In other news, CMO Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $138.00, for a total value of $483,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 129,817 shares in the company, valued at approximately $17,914,746. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Christopher C. Capossela sold 3,372 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the transaction, the chief marketing officer now owns 136,623 shares of the company’s stock, valued at $18,862,171.38. The disclosure for this sale can be found here. Insiders sold a total of 33,819 shares of company stock valued at $4,603,450 in the last quarter. Corporate insiders own 1.38% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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