Microsoft Co. (NASDAQ:MSFT) is OLD Point Trust & Financial Services N A’s 4th Largest Position

OLD Point Trust & Financial Services N A raised its position in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 65,961 shares of the software giant’s stock after acquiring an additional 2,015 shares during the period. Microsoft comprises 4.0% of OLD Point Trust & Financial Services N A’s portfolio, making the stock its 4th biggest position. OLD Point Trust & Financial Services N A’s holdings in Microsoft were worth $6,700,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. HC Financial Advisors Inc. raised its stake in Microsoft by 5.3% during the 3rd quarter. HC Financial Advisors Inc. now owns 26,827 shares of the software giant’s stock worth $3,068,000 after acquiring an additional 1,356 shares in the last quarter. FCA Corp TX acquired a new position in Microsoft during the third quarter worth about $229,000. Truvestments Capital LLC raised its position in Microsoft by 15.9% during the third quarter. Truvestments Capital LLC now owns 33,528 shares of the software giant’s stock worth $3,835,000 after acquiring an additional 4,600 shares during the last quarter. Armbruster Capital Management Inc. raised its position in Microsoft by 8.7% during the third quarter. Armbruster Capital Management Inc. now owns 7,312 shares of the software giant’s stock worth $836,000 after acquiring an additional 587 shares during the last quarter. Finally, St. Johns Investment Management Company LLC raised its position in Microsoft by 18.7% during the third quarter. St. Johns Investment Management Company LLC now owns 3,939 shares of the software giant’s stock worth $451,000 after acquiring an additional 620 shares during the last quarter. Institutional investors own 72.10% of the company’s stock.

A number of equities analysts have issued reports on MSFT shares. Goldman Sachs Group restated a “buy” rating and set a $131.00 target price on shares of Microsoft in a research report on Thursday, April 18th. KeyCorp restated a “buy” rating and set a $141.00 target price (up previously from $125.00) on shares of Microsoft in a research report on Wednesday, April 17th. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Credit Suisse Group restated a “buy” rating and issued a $125.00 target price on shares of Microsoft in a report on Friday, February 15th. Finally, Mizuho initiated coverage on shares of Microsoft in a report on Wednesday, March 13th. They issued a “buy” rating and a $135.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $135.75.

In other news, EVP Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $128.87, for a total transaction of $386,610.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.17, for a total value of $2,123,661.99. Following the transaction, the executive vice president now owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,247 shares of company stock valued at $28,204,754. Corporate insiders own 1.38% of the company’s stock.

MSFT stock traded up $0.13 during midday trading on Friday, reaching $132.45. The stock had a trading volume of 14,285,087 shares, compared to its average volume of 26,340,396. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1,007.58 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 2.31 and a beta of 1.22. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $134.24.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.14. The firm had revenue of $30.57 billion during the quarter, compared to analyst estimates of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. Sell-side analysts predict that Microsoft Co. will post 4.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a $0.46 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.39%. Microsoft’s payout ratio is 47.42%.

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Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Further Reading: Beta

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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