Smithfield Trust Co. grew its position in Microsoft Co. (NASDAQ:MSFT) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,870 shares of the software giant’s stock after purchasing an additional 17,613 shares during the period. Microsoft makes up approximately 1.7% of Smithfield Trust Co.’s holdings, making the stock its 15th biggest position. Smithfield Trust Co.’s holdings in Microsoft were worth $21,426,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Newfound Research LLC acquired a new position in Microsoft during the 3rd quarter valued at about $32,000. Virtus ETF Advisers LLC increased its stake in shares of Microsoft by 230.5% during the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock valued at $40,000 after acquiring an additional 136 shares during the period. FNY Investment Advisers LLC bought a new stake in Microsoft during the third quarter worth approximately $45,000. Virtus Alternative Investment Advisers Inc. acquired a new stake in Microsoft in the second quarter worth approximately $48,000. Finally, Carolina Wealth Advisors LLC boosted its stake in Microsoft by 20.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 341 shares of the software giant’s stock valued at $72,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 63.89% of the company’s stock.
In other news, President Bradford L. Smith sold 200,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $222.58, for a total value of $44,516,000.00. Following the completion of the sale, the president now directly owns 778,439 shares of the company’s stock, valued at $173,264,952.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $212.43, for a total transaction of $6,372,900.00. Following the completion of the sale, the executive vice president now owns 189,064 shares in the company, valued at approximately $40,162,865.52. The disclosure for this sale can be found here. Insiders sold 334,500 shares of company stock worth $74,142,240 over the last quarter. 0.05% of the stock is currently owned by corporate insiders.
Shares of MSFT stock opened at $214.13 on Wednesday. Microsoft Co. has a 12 month low of $132.52 and a 12 month high of $232.86. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $213.24 and its two-hundred day moving average is $208.13. The company has a market cap of $1.62 trillion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.54 and a beta of 0.82.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.29. The business had revenue of $37.15 billion during the quarter, compared to the consensus estimate of $35.67 billion. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. As a group, equities analysts expect that Microsoft Co. will post 6.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 11th. Stockholders of record on Thursday, February 18th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, February 17th. Microsoft’s dividend payout ratio is currently 38.89%.
Several research analysts recently weighed in on MSFT shares. Sanford C. Bernstein set a $245.00 target price on Microsoft and gave the company a “buy” rating in a research note on Tuesday, December 1st. Stifel Nicolaus boosted their target price on shares of Microsoft from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Mizuho increased their target price on shares of Microsoft from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Jefferies Financial Group set a $260.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Finally, Summit Insights cut Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $231.09.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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