Plimoth Trust Co. LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,323 shares of the software giant’s stock after selling 1,434 shares during the period. Microsoft comprises about 1.9% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 7th largest position. Plimoth Trust Co. LLC’s holdings in Microsoft were worth $5,213,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in MSFT. Highwater Wealth Management LLC purchased a new stake in Microsoft in the fourth quarter worth about $27,000. Mackey Komara & Dankovich LLC purchased a new stake in Microsoft in the fourth quarter worth about $30,000. Ayalon Holdings Ltd. purchased a new stake in Microsoft in the fourth quarter worth about $41,000. Contravisory Investment Management Inc. lifted its stake in Microsoft by 113.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock worth $55,000 after acquiring an additional 285 shares during the period. Finally, Avondale Wealth Management lifted its stake in Microsoft by 50.5% in the fourth quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock worth $57,000 after acquiring an additional 187 shares during the period. 73.14% of the stock is owned by institutional investors.
A number of analysts recently weighed in on the stock. Credit Suisse Group reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Microsoft in a research note on Monday, May 6th. Argus upped their price objective on shares of Microsoft to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Oppenheimer upped their price objective on shares of Microsoft from $127.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Raymond James upped their price objective on shares of Microsoft from $142.00 to $149.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 25th. Finally, Nomura increased their price target on shares of Microsoft from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $135.75.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 28.58% and a return on equity of 39.34%. Microsoft’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Analysts expect that Microsoft Co. will post 4.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is currently 47.42%.
In related news, CEO Satya Nadella sold 15,334 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $112.31, for a total value of $1,722,161.54. Following the completion of the transaction, the chief executive officer now directly owns 1,104,932 shares of the company’s stock, valued at approximately $124,094,912.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 7,220 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $112.76, for a total transaction of $814,127.20. Following the completion of the transaction, the insider now directly owns 53,069 shares of the company’s stock, valued at $5,984,060.44. The disclosure for this sale can be found here. Insiders sold a total of 238,354 shares of company stock valued at $30,340,221 over the last ninety days. 1.38% of the stock is currently owned by insiders.
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.
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