Microsoft Co. (NASDAQ:MSFT) Shares Sold by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC cut its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,986 shares of the software giant’s stock after selling 1,455 shares during the quarter. Microsoft makes up 2.4% of Arbor Trust Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Arbor Trust Wealth Advisors LLC’s holdings in Microsoft were worth $4,004,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MSFT. Norges Bank acquired a new stake in shares of Microsoft in the 4th quarter valued at about $24,401,940,000. Allspring Global Investments Holdings LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $2,952,329,000. State Street Corp lifted its position in Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after acquiring an additional 8,108,943 shares during the period. Castleview Partners LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $11,872,000. Finally, UBS Asset Management Americas Inc. lifted its position in Microsoft by 7.5% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant’s stock worth $13,107,412,000 after acquiring an additional 3,258,613 shares during the period. 69.99% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of Microsoft stock opened at $260.36 on Monday. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 27.18, a PEG ratio of 2.02 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $260.39 and its 200 day moving average price is $282.84.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The firm had revenue of $49.36 billion for the quarter, compared to analysts’ expectations of $49.05 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.89%.

Analyst Ratings Changes

A number of research firms have weighed in on MSFT. Evercore ISI decreased their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research report on Wednesday, April 27th. StockNews.com started coverage on Microsoft in a report on Thursday, March 31st. They issued a “buy” rating for the company. Wolfe Research raised their price target on Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Stifel Nicolaus dropped their price objective on Microsoft from $350.00 to $320.00 in a research note on Thursday, June 2nd. Finally, UBS Group set a $330.00 price objective on Microsoft in a research note on Monday, June 20th. One equities research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $346.52.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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