Sabal Trust CO Has $26.59 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Sabal Trust CO decreased its stake in Microsoft Corporation (NASDAQ:MSFT) by 8.6% during the first quarter, Holdings Channel reports. The fund owned 403,660 shares of the software giant’s stock after selling 38,036 shares during the period. Microsoft Corporation comprises 3.0% of Sabal Trust CO’s portfolio, making the stock its 6th largest position. Sabal Trust CO’s holdings in Microsoft Corporation were worth $26,585,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Northstar Group Inc. boosted its position in shares of Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after buying an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc boosted its position in shares of Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares in the last quarter. Vista Capital Partners Inc. boosted its position in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after buying an additional 36 shares in the last quarter. Horizon Kinetics LLC boosted its position in shares of Microsoft Corporation by 0.3% in the fourth quarter. Horizon Kinetics LLC now owns 18,380 shares of the software giant’s stock valued at $1,142,000 after buying an additional 50 shares in the last quarter. Finally, McQueen Ball & Associates Inc. boosted its position in shares of Microsoft Corporation by 0.6% in the first quarter. McQueen Ball & Associates Inc. now owns 8,862 shares of the software giant’s stock valued at $584,000 after buying an additional 57 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

Shares of Microsoft Corporation (MSFT) opened at 73.35 on Tuesday. Microsoft Corporation has a one year low of $52.93 and a one year high of $73.45. The company has a market capitalization of $566.30 billion, a price-to-earnings ratio of 32.37 and a beta of 1.00. The firm’s 50-day moving average price is $69.88 and its 200-day moving average price is $66.02.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The business had revenue of $23.56 billion during the quarter, compared to analyst estimates of $23.62 billion. During the same period last year, the business posted $0.62 earnings per share. Microsoft Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post $3.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.13%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 69.03%.

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Several equities analysts have weighed in on the company. Zacks Investment Research raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a report on Sunday, July 9th. Vetr cut Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.93 price objective for the company. in a report on Monday. BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a report on Sunday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $71.18.

In other news, EVP Christopher C. Capossela sold 4,927 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the transaction, the executive vice president now directly owns 214,080 shares in the company, valued at $14,718,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the transaction, the executive vice president now owns 216,507 shares of the company’s stock, valued at $14,962,798.77. The disclosure for this sale can be found here. Insiders sold 12,060,786 shares of company stock valued at $831,893,332 over the last 90 days. 2.99% of the stock is currently owned by company insiders.

Microsoft Corporation Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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.

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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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