Fruth Investment Management Increases Position in Microsoft Corporation (NASDAQ:MSFT)

Fruth Investment Management increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 30,451 shares of the software giant’s stock after buying an additional 111 shares during the period. Fruth Investment Management’s holdings in Microsoft Corporation were worth $2,098,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Hefty Wealth Partners increased its stake in shares of Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the period. Asset Planning Services Ltd. increased its stake in shares of Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the period. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation during the first quarter worth $132,000. Pacific Center for Financial Services purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth $155,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth $161,000. Institutional investors and hedge funds own 72.86% of the company’s stock.

Microsoft Corporation (MSFT) traded down 0.41% during trading on Wednesday, hitting $72.49. 9,226,105 shares of the stock traded hands. The firm has a 50-day moving average price of $71.41 and a 200 day moving average price of $67.60. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.42. The company has a market cap of $558.75 billion, a P/E ratio of 26.75 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Microsoft Corporation will post $3.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

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MSFT has been the subject of a number of recent analyst reports. Pacific Crest reaffirmed a “buy” rating and set a $78.00 price target (up previously from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target for the company. in a report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Microsoft Corporation in a report on Monday, May 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $76.15.

In other news, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the transaction, the executive vice president now owns 214,080 shares in the company, valued at approximately $14,718,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the transaction, the executive vice president now owns 216,507 shares in the company, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. Insiders sold a total of 7,060,855 shares of company stock worth $512,251,908 in the last quarter. Company insiders own 2.99% of the company’s stock.

About Microsoft Corporation

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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