Exchange Capital Management Inc. lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 19.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,853 shares of the software giant’s stock after selling 1,924 shares during the quarter. Exchange Capital Management Inc.’s holdings in Microsoft Corporation were worth $541,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MSFT. Atria Investments LLC raised its holdings in shares of Microsoft Corporation by 8.5% during the first quarter. Atria Investments LLC now owns 141,762 shares of the software giant’s stock valued at $9,336,000 after acquiring an additional 11,115 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Microsoft Corporation by 1.1% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 67,371 shares of the software giant’s stock valued at $4,437,000 after acquiring an additional 758 shares in the last quarter. Baldwin Brothers Inc. MA raised its holdings in shares of Microsoft Corporation by 7.5% during the first quarter. Baldwin Brothers Inc. MA now owns 201,434 shares of the software giant’s stock valued at $13,267,000 after acquiring an additional 13,969 shares in the last quarter. Eastern Bank raised its holdings in shares of Microsoft Corporation by 0.4% during the first quarter. Eastern Bank now owns 227,397 shares of the software giant’s stock valued at $14,976,000 after acquiring an additional 875 shares in the last quarter. Finally, Tompkins Financial Corp raised its holdings in shares of Microsoft Corporation by 21.1% during the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after acquiring an additional 18,225 shares in the last quarter. Institutional investors own 73.35% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is presently 53.06%.
A number of equities analysts recently commented on the company. Oppenheimer Holdings, Inc. upped their target price on Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Tuesday. Argus upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $57.28 to $95.00 in a report on Tuesday. Vetr upgraded Microsoft Corporation from a “sell” rating to a “hold” rating and set a $82.07 price objective for the company in a report on Tuesday. Finally, Stifel Nicolaus increased their price objective on Microsoft Corporation from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $82.61.
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In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares of the company’s stock, valued at $39,776,406. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold 7,081,763 shares of company stock valued at $513,899,512 in the last three months. Insiders own 1.49% of the company’s stock.
Microsoft Corporation 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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