Stock Yards Bank & Trust Co. Sells 340 Shares of Microsoft Co. (NASDAQ:MSFT)

Stock Yards Bank & Trust Co. trimmed its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 250,749 shares of the software giant’s stock after selling 340 shares during the quarter. Microsoft accounts for approximately 4.3% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 2nd biggest holding. Stock Yards Bank & Trust Co.’s holdings in Microsoft were worth $77,309,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Cedar Brook Financial Partners LLC boosted its holdings in Microsoft by 6.0% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock valued at $5,520,000 after purchasing an additional 931 shares during the last quarter. ACT Wealth Management LLC boosted its stake in shares of Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after acquiring an additional 34 shares in the last quarter. Centric Wealth Management boosted its stake in shares of Microsoft by 6.4% during the 4th quarter. Centric Wealth Management now owns 11,801 shares of the software giant’s stock worth $3,969,000 after acquiring an additional 706 shares in the last quarter. Buttonwood Financial Advisors Inc. purchased a new stake in shares of Microsoft during the 4th quarter worth about $6,327,000. Finally, Briggs Advisory Group Inc. purchased a new stake in shares of Microsoft during the 4th quarter worth about $906,000. 69.99% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.4 %

NASDAQ:MSFT opened at $283.65 on Friday. The stock has a 50-day simple moving average of $262.77 and a 200-day simple moving average of $280.22. The stock has a market cap of $2.12 trillion, a P/E ratio of 29.42, a P/E/G ratio of 2.31 and a beta of 0.93. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the firm earned $2.17 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. Wolfe Research lowered their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Fundamental Research reissued a “hold” rating and set a $280.50 target price on shares of Microsoft in a research note on Wednesday. Jefferies Financial Group lowered their target price on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. UBS Group set a $330.00 price target on shares of Microsoft in a research note on Monday, June 20th. Finally, Redburn Partners began coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target on the stock. One research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $335.72.

Microsoft Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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