Capital City Trust Co. FL Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Capital City Trust Co. FL decreased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,725 shares of the software giant’s stock after selling 553 shares during the period. Microsoft makes up 4.1% of Capital City Trust Co. FL’s investment portfolio, making the stock its 3rd largest holding. Capital City Trust Co. FL’s holdings in Microsoft were worth $11,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Phoenix Wealth Advisors boosted its stake in Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after acquiring an additional 343 shares in the last quarter. Jmac Enterprises LLC boosted its stake in Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares in the last quarter. ARGI Investment Services LLC lifted its stake in shares of Microsoft by 9.9% in the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after buying an additional 3,358 shares in the last quarter. First PREMIER Bank lifted its stake in shares of Microsoft by 0.3% in the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after buying an additional 79 shares in the last quarter. Finally, Seaview Investment Managers LLC lifted its stake in shares of Microsoft by 4.9% in the second quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after buying an additional 1,261 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the transaction, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

MSFT opened at $240.35 on Wednesday. The firm has a market cap of $1.79 trillion, a P/E ratio of 25.90, a PEG ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95. The company has a 50 day simple moving average of $241.83 and a two-hundred day simple moving average of $250.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio is 29.31%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSFT shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Wells Fargo & Company dropped their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Citigroup dropped their target price on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Oppenheimer decreased their price objective on shares of Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Finally, Credit Suisse Group set a $365.00 price objective on shares of Microsoft in a report on Friday, December 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.15.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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