AMG National Trust Bank Acquires 48,761 Shares of Microsoft Co. (NASDAQ:MSFT)

AMG National Trust Bank increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 306.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,659 shares of the software giant’s stock after buying an additional 48,761 shares during the period. Microsoft accounts for about 0.6% of AMG National Trust Bank’s investment portfolio, making the stock its 29th biggest holding. AMG National Trust Bank’s holdings in Microsoft were worth $13,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Advisor Group Holdings Inc. bought a new position in Microsoft during the first quarter worth about $328,820,000. Nordea Investment Management AB lifted its holdings in Microsoft by 105.3% during the second quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock worth $4,168,090,000 after acquiring an additional 10,705,657 shares in the last quarter. Swiss National Bank lifted its holdings in Microsoft by 22.9% during the first quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock worth $4,479,739,000 after acquiring an additional 5,287,700 shares in the last quarter. Viking Global Investors LP lifted its holdings in Microsoft by 257.7% during the first quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock worth $772,832,000 after acquiring an additional 3,530,518 shares in the last quarter. Finally, Capital International Investors lifted its holdings in Microsoft by 3.5% during the first quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock worth $16,326,780,000 after acquiring an additional 3,527,148 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

In other Microsoft news, CFO Amy Hood sold 80,000 shares of Microsoft stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $218.14, for a total value of $17,451,200.00. Following the transaction, the chief financial officer now owns 452,720 shares in the company, valued at $98,756,340.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 23,000 shares of Microsoft stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total value of $4,846,100.00. Following the completion of the transaction, the chief marketing officer now owns 122,943 shares in the company, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,067 shares of company stock worth $35,247,737. Company insiders own 1.39% of the company’s stock.

Shares of MSFT stock opened at $208.78 on Wednesday. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1,579.97 billion, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 2.33 and a beta of 0.89. The stock has a 50 day simple moving average of $212.36 and a 200 day simple moving average of $187.59. Microsoft Co. has a 1 year low of $132.52 and a 1 year high of $232.86.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.12. The business had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. Analysts forecast that Microsoft Co. will post 6.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.56 dividend. The ex-dividend date is Wednesday, November 18th. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.07%. Microsoft’s dividend payout ratio (DPR) is 35.42%.

MSFT has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Microsoft from $205.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. They noted that the move was a valuation call. Jefferies Financial Group lifted their target price on Microsoft from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Sunday, July 19th. DZ Bank restated a “buy” rating on shares of Microsoft in a report on Thursday, July 23rd. Summit Insights started coverage on Microsoft in a report on Wednesday, May 27th. They issued a “buy” rating and a $220.00 price target on the stock. Finally, Oppenheimer started coverage on Microsoft in a report on Monday, August 3rd. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $216.72.

About Microsoft

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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