Microsoft Co. (NASDAQ:MSFT) Shares Sold by Citizens & Northern Corp

Citizens & Northern Corp lowered its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,043 shares of the software giant’s stock after selling 316 shares during the quarter. Microsoft comprises about 3.7% of Citizens & Northern Corp’s investment portfolio, making the stock its 7th largest position. Citizens & Northern Corp’s holdings in Microsoft were worth $8,486,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Aaron Wealth Advisors LLC lifted its position in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after buying an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares in the last quarter. Swiss National Bank grew its stake in shares of Microsoft by 13.8% during the first 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 raised its position in Microsoft by 13.2% in the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after purchasing an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its holdings in Microsoft by 21,811.0% during the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after buying an additional 2,038,237 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $247.58 on Friday. The stock has a market capitalization of $1.85 trillion, a PE ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $344.30. The firm has a fifty day simple moving average of $237.12 and a 200 day simple moving average of $255.62. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

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

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is 29.31%.

Insider Buying and Selling at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s 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 transaction, 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. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Cowen decreased their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. UBS Group set a $300.00 price objective on shares of Microsoft in a research note on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Wedbush decreased their price objective on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Fundamental Research reduced their target price on Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.64.

Microsoft Company Profile

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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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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