Community Trust & Investment Co. Has $112.36 Million Holdings in Microsoft Corporation $MSFT

Community Trust & Investment Co. lifted its position in Microsoft Corporation (NASDAQ:MSFTFree Report) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 232,339 shares of the software giant’s stock after purchasing an additional 5,828 shares during the quarter. Microsoft makes up 5.9% of Community Trust & Investment Co.’s holdings, making the stock its 3rd biggest holding. Community Trust & Investment Co.’s holdings in Microsoft were worth $112,364,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MSFT. BLVD Private Wealth LLC raised its stake in shares of Microsoft by 0.6% during the third quarter. BLVD Private Wealth LLC now owns 3,169 shares of the software giant’s stock worth $1,641,000 after acquiring an additional 19 shares in the last quarter. Foundation Wealth Management LLC PA boosted its stake in shares of Microsoft by 1.6% in the 2nd quarter. Foundation Wealth Management LLC PA now owns 1,276 shares of the software giant’s stock valued at $635,000 after purchasing an additional 20 shares in the last quarter. Magnolia Capital Management Ltd. boosted its stake in shares of Microsoft by 0.3% in the 3rd quarter. Magnolia Capital Management Ltd. now owns 6,509 shares of the software giant’s stock valued at $3,371,000 after purchasing an additional 20 shares in the last quarter. ARK & TLK Investments LLC grew its holdings in shares of Microsoft by 1.0% during the 3rd quarter. ARK & TLK Investments LLC now owns 1,935 shares of the software giant’s stock valued at $1,002,000 after purchasing an additional 20 shares during the last quarter. Finally, Rochester Wealth Strategies LLC raised its position in Microsoft by 2.9% in the 3rd quarter. Rochester Wealth Strategies LLC now owns 700 shares of the software giant’s stock worth $363,000 after purchasing an additional 20 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft News Summary

Here are the key news stories impacting Microsoft this week:

Microsoft Stock Performance

NASDAQ:MSFT opened at $356.77 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $409.36 and its 200 day simple moving average is $467.20. The stock has a market cap of $2.65 trillion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The software giant reported $4.14 EPS for the quarter, topping the consensus estimate of $3.86 by $0.28. The business had revenue of $81.27 billion during the quarter, compared to analyst estimates of $80.28 billion. Microsoft had a net margin of 39.04% and a return on equity of 32.34%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.23 EPS. As a group, research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a $0.91 dividend. The ex-dividend date is Thursday, May 21st. This represents a $3.64 annualized dividend and a yield of 1.0%. Microsoft’s dividend payout ratio (DPR) is 22.76%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSFT. BNP Paribas Exane boosted their price target on shares of Microsoft from $632.00 to $659.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $590.00 price objective on shares of Microsoft in a research note on Thursday, January 29th. Wolfe Research decreased their price objective on Microsoft from $625.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Morgan Stanley reissued an “overweight” rating on shares of Microsoft in a research note on Thursday, January 29th. Finally, William Blair restated an “outperform” rating on shares of Microsoft in a report on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $588.97.

Read Our Latest Analysis on Microsoft

Insider Activity

In other news, Director John W. Stanton acquired 5,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were acquired at an average cost of $397.35 per share, with a total value of $1,986,750.00. Following the transaction, the director owned 83,905 shares in the company, valued at $33,339,651.75. The trade was a 6.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 12,321 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $409.52, for a total value of $5,045,695.92. Following the transaction, the executive vice president owned 137,933 shares in the company, valued at $56,486,322.16. This trade represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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