Microsoft Co. (NASDAQ:MSFT) Shares Sold by Trustco Bank Corp N Y

Trustco Bank Corp N Y lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,305 shares of the software giant’s stock after selling 47 shares during the quarter. Microsoft accounts for approximately 3.8% of Trustco Bank Corp N Y’s portfolio, making the stock its 4th biggest holding. Trustco Bank Corp N Y’s holdings in Microsoft were worth $4,294,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MSFT. Resolute Partners Group acquired a new stake in Microsoft during the 4th quarter valued at approximately $26,000. Goodwin Investment Advisory acquired a new stake in Microsoft during the 4th quarter valued at approximately $28,000. NuWave Investment Management LLC increased its position in Microsoft by 3,250.0% during the 4th quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock valued at $30,000 after purchasing an additional 130 shares during the period. JustInvest LLC grew its position in shares of Microsoft by 6.1% during the 4th quarter. JustInvest LLC now owns 82,199 shares of the software giant’s stock worth $30,000 after buying an additional 4,736 shares during the period. Finally, Kinloch Capital LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $37,000. 69.01% of the stock is owned by institutional investors and hedge funds.

Shares of Microsoft stock opened at $249.90 on Thursday. Microsoft Co. has a 52-week low of $162.30 and a 52-week high of $250.93. The stock’s 50-day simple moving average is $235.85 and its 200 day simple moving average is $222.92. The stock has a market capitalization of $1.88 trillion, a P/E ratio of 40.37, a P/E/G ratio of 2.44 and a beta of 0.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Monday, January 25th. The software giant reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.39. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The business had revenue of $43.08 billion for the quarter, compared to analysts’ expectations of $40.23 billion. During the same period in the previous year, the business posted $1.51 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 6.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 20th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, May 19th. Microsoft’s dividend payout ratio is currently 38.89%.

Several brokerages have recently commented on MSFT. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $220.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 27th. Evercore ISI raised their price objective on shares of Microsoft from $260.00 to $300.00 in a research report on Wednesday, January 27th. Mizuho raised their price objective on shares of Microsoft from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. Pritchard Capital raised their price objective on shares of Microsoft from $272.00 to $292.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. Finally, Royal Bank of Canada lifted their price target on shares of Microsoft from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, January 27th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and an average target price of $268.28.

In other Microsoft news, EVP Jean Philippe Courtois sold 18,358 shares of Microsoft stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $239.60, for a total transaction of $4,398,576.80. Following the completion of the transaction, the executive vice president now owns 593,915 shares of the company’s stock, valued at approximately $142,302,034. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emma N. Walmsley bought 4,300 shares of Microsoft stock in a transaction on Wednesday, March 10th. The shares were bought at an average cost of $236.80 per share, with a total value of $1,018,240.00. Following the acquisition, the director now directly owns 5,026 shares in the company, valued at $1,190,156.80. The disclosure for this purchase can be found here. Insiders own 0.05% of the company’s stock.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions 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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