Smithfield Trust Co. lifted its position in Microsoft Co. (NASDAQ:MSFT) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,787 shares of the software giant’s stock after purchasing an additional 2,787 shares during the quarter. Microsoft accounts for approximately 1.1% of Smithfield Trust Co.’s holdings, making the stock its 19th biggest holding. Smithfield Trust Co.’s holdings in Microsoft were worth $11,510,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA grew its holdings in 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 acquiring an additional 140 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in Microsoft during the 2nd quarter worth about $26,000. Centaurus Financial Inc. grew its holdings in 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 acquiring an additional 561 shares during the last quarter. Selective Wealth Management Inc. bought a new stake in Microsoft during the 3rd quarter worth about $36,000. Finally, Atwater Malick LLC bought a new stake in Microsoft during the 3rd quarter worth about $37,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
In related news, CMO Christopher C. Capossela sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $142.89, for a total value of $357,225.00. Following the completion of the transaction, the chief marketing officer now directly owns 133,944 shares of the company’s stock, valued at $19,139,258.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Christopher C. Capossela sold 7,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total transaction of $967,050.00. Following the completion of the transaction, the chief marketing officer now directly owns 122,817 shares of the company’s stock, valued at $16,967,168.55. The disclosure for this sale can be found here. Insiders have sold a total of 339,804 shares of company stock valued at $46,790,619 over the last ninety days. Company insiders own 1.39% of the company’s stock.
Microsoft stock opened at $145.96 on Friday. The company has a market cap of $1,102.06 billion, a PE ratio of 30.73, a PEG ratio of 2.27 and a beta of 1.23. Microsoft Co. has a 1 year low of $93.96 and a 1 year high of $145.99. The company’s 50-day moving average is $139.85 and its two-hundred day moving average is $135.04. The company has a current ratio of 2.85, a quick ratio of 2.81 and a debt-to-equity ratio of 0.69.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.14. The company had revenue of $33.06 billion during the quarter, compared to analysts’ expectations of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. Research analysts forecast that Microsoft Co. will post 5.35 EPS for the current year.
Microsoft declared that its board has authorized a stock repurchase plan on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.51 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, November 20th. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.
A number of equities research analysts have commented on the stock. Goldman Sachs Group reissued a “buy” rating and set a $151.00 price objective on shares of Microsoft in a report on Wednesday, October 23rd. Citigroup increased their price objective on shares of Microsoft from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wedbush reissued an “outperform” rating and set a $170.00 price objective (up previously from $160.00) on shares of Microsoft in a report on Thursday, October 24th. Barclays set a $168.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of Microsoft in a report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $159.45.
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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