Farmers & Merchants Trust Co of Chambersburg PA lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,590 shares of the software giant’s stock after selling 5,454 shares during the period. Microsoft accounts for 1.3% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 29th largest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Microsoft were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. New Capital Management LP raised its position in shares of Microsoft by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after acquiring an additional 22 shares during the last quarter. Nottingham Advisors Inc. raised its position in shares of Microsoft by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after acquiring an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV raised its position in shares of Microsoft by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after acquiring an additional 23 shares during the last quarter. Carderock Capital Management Inc. raised its position in shares of Microsoft by 0.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after acquiring an additional 26 shares during the last quarter. Finally, Appropriate Balance Financial Services Inc. raised its position in shares of Microsoft by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.

Several analysts have commented on MSFT shares. Vetr cut shares of Microsoft from a “buy” rating to a “hold” rating and set a $76.10 target price for the company. in a research report on Wednesday, August 30th. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft in a research report on Thursday, August 31st. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Moffett Nathanson began coverage on shares of Microsoft in a research report on Wednesday, September 6th. They set a “neutral” rating and a $81.00 target price for the company. Finally, Oppenheimer restated a “buy” rating and issued a $80.00 price objective on shares of Microsoft in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.87.

Microsoft Co. (MSFT) opened at $85.40 on Wednesday. The firm has a market cap of $659,674.63, a PE ratio of 29.05, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a fifty-two week low of $61.95 and a fifty-two week high of $87.50.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. equities research analysts anticipate that Microsoft Co. will post 3.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.97%. Microsoft’s dividend payout ratio is currently 57.14%.

In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.

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Microsoft Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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