Pioneer Trust Bank N A OR boosted its position in Microsoft Co. (NASDAQ:MSFT) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,122 shares of the software giant’s stock after purchasing an additional 8,164 shares during the period. Microsoft comprises approximately 4.7% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 2nd biggest holding. Pioneer Trust Bank N A OR’s holdings in Microsoft were worth $9,873,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Live Your Vision LLC lifted its stake in Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after purchasing an additional 509 shares during the last quarter. CX Institutional purchased a new position in Microsoft in the second quarter valued at approximately $145,000. Spectrum Financial Alliance Ltd LLC purchased a new position in Microsoft in the first quarter valued at approximately $147,000. Ballew Advisors Inc purchased a new position in Microsoft in the first quarter valued at approximately $164,000. Finally, Lara May & Associates LLC purchased a new position in Microsoft in the first quarter valued at approximately $199,000. Institutional investors and hedge funds own 71.80% of the company’s stock.
In other news, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $109.22, for a total value of $2,548,867.14. Following the transaction, the chief marketing officer now owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 28,939 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $3,183,290.00. Following the completion of the transaction, the insider now directly owns 500,782 shares in the company, valued at approximately $55,086,020. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,042 shares of company stock worth $71,264,850. Insiders own 1.49% of the company’s stock.
A number of equities research analysts have issued reports on MSFT shares. Oppenheimer reissued a “buy” rating and set a $127.00 target price on shares of Microsoft in a report on Monday, September 24th. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Monday, August 27th. Royal Bank of Canada set a $124.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Monday, September 10th. Atlantic Securities raised shares of Microsoft from a “neutral” rating to an “overweight” rating in a report on Monday, June 25th. Finally, BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $120.08.
Microsoft stock opened at $109.57 on Friday. The firm has a market capitalization of $880.63 billion, a PE ratio of 28.24, a PEG ratio of 2.19 and a beta of 1.28. Microsoft Co. has a fifty-two week low of $77.25 and a fifty-two week high of $116.18. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The firm had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 4.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. This is a boost from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is presently 43.30%.
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 for businesses, 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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