OLD Point Trust & Financial Services N A decreased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,521 shares of the software giant’s stock after selling 1,586 shares during the period. Microsoft makes up 6.2% of OLD Point Trust & Financial Services N A’s holdings, making the stock its biggest position. OLD Point Trust & Financial Services N A’s holdings in Microsoft were worth $15,268,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MSFT. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter worth $24,401,940,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Microsoft during the 4th quarter worth $2,952,329,000. State Street Corp boosted its stake in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares in the last quarter. Castleview Partners LLC acquired a new stake in Microsoft in the fourth quarter valued at about $11,872,000. Finally, TD Asset Management Inc. boosted its stake in Microsoft by 28.5% in the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.
Analyst Ratings Changes
MSFT has been the topic of several research analyst reports. Wolfe Research reduced their price objective on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Rosenblatt Securities reduced their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Wells Fargo & Company reduced their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. Finally, Wedbush cut their price target on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.72.
Microsoft Trading Up 0.4 %
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period in the prior year, the company posted $2.17 EPS. Research analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio is 25.73%.
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 organizations and enterprise divisions.
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