Citizens & Northern Corp Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

Citizens & Northern Corp trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,043 shares of the software giant’s stock after selling 316 shares during the quarter. Microsoft makes up 3.7% of Citizens & Northern Corp’s holdings, making the stock its 7th biggest holding. Citizens & Northern Corp’s holdings in Microsoft were worth $8,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Aaron Wealth Advisors LLC boosted its position in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after buying an additional 20,553,188 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares during the period. Swiss National Bank grew its stake in shares of Microsoft by 13.8% in the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after purchasing an additional 3,757,500 shares during the last quarter. Jennison Associates LLC increased its holdings in Microsoft by 13.2% in the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after purchasing an additional 2,696,424 shares during the period. Finally, Verity Asset Management Inc. raised its position in Microsoft by 21,811.0% during the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after purchasing an additional 2,038,237 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Royal Bank of Canada lowered their price target on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Evercore ISI dropped their price target on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Wedbush decreased their price objective on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Macquarie initiated coverage on shares of Microsoft in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Stock Up 1.0 %

MSFT stock opened at $247.58 on Friday. The stock’s 50 day moving average is $237.12 and its 200-day moving average is $255.62. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $344.30. The firm has a market capitalization of $1.85 trillion, a PE ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. The business had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $2.27 EPS. Sell-side analysts expect that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Insiders Place Their Bets

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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