Microsoft Co. (NASDAQ:MSFT) is Trust Co. of Vermont’s 2nd Largest Position

Trust Co. of Vermont grew its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,800 shares of the software giant’s stock after purchasing an additional 5,421 shares during the period. Microsoft comprises about 3.3% of Trust Co. of Vermont’s holdings, making the stock its 2nd biggest holding. Trust Co. of Vermont’s holdings in Microsoft were worth $41,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Phoenix Wealth Advisors lifted its holdings in shares of Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after purchasing an additional 343 shares during the last quarter. Jmac Enterprises LLC lifted its stake in Microsoft by 1.0% in the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares in the last quarter. ARGI Investment Services LLC lifted its stake in Microsoft by 9.9% in the 2nd quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after acquiring an additional 3,358 shares in the last quarter. First PREMIER Bank lifted its stake in Microsoft by 0.3% in the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after acquiring an additional 79 shares in the last quarter. Finally, Seaview Investment Managers LLC lifted its stake in Microsoft by 4.9% in the 2nd quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after acquiring an additional 1,261 shares in the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MSFT shares. Guggenheim downgraded Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price target for the company. in a research note on Tuesday. Wedbush cut their price target on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Royal Bank of Canada set a $285.00 price target on Microsoft in a research note on Wednesday. DA Davidson started coverage on Microsoft in a research note on Wednesday, January 4th. They set a “buy” rating and a $270.00 price target for the company. Finally, Credit Suisse Group set a $365.00 price target on Microsoft in a research note on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $289.15.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.9 %

Shares of MSFT opened at $235.81 on Thursday. The stock has a fifty day moving average price of $241.83 and a two-hundred day moving average price of $250.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95. The company has a market cap of $1.76 trillion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.15%. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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