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

First National Trust Co raised its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,543 shares of the software giant’s stock after buying an additional 19,541 shares during the quarter. Microsoft makes up approximately 3.9% of First National Trust Co’s investment portfolio, making the stock its 2nd largest position. First National Trust Co’s holdings in Microsoft were worth $68,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MSFT. Aaron Wealth Advisors LLC grew its holdings in Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after buying an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. Swiss National Bank lifted its stake in shares of Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after purchasing an additional 3,757,500 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Microsoft by 13.2% in the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after purchasing an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its stake in shares of Microsoft by 21,811.0% in the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after purchasing an additional 2,038,237 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Down 0.2 %

MSFT opened at $241.22 on Monday. Microsoft Co. has a one year low of $213.43 and a one year high of $349.67. The company has a market cap of $1.80 trillion, a P/E ratio of 25.99, a PEG ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The business’s 50-day simple moving average is $237.85 and its 200-day simple moving average is $256.14.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The firm had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. As a group, equities research analysts expect that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Moffett Nathanson assumed coverage on Microsoft in a research note on Thursday, September 22nd. They issued a “hold” rating and a $285.00 price target on the stock. Royal Bank of Canada decreased their price target on Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Guggenheim assumed coverage on Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 price target on the stock. Wedbush decreased their price target on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, UBS Group set a $300.00 target price on Microsoft in a research note on Monday, November 14th. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $300.64.

About Microsoft

(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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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