Trust Investment Advisors Has $3.55 Million Holdings in Microsoft Co. (MSFT)
Trust Investment Advisors cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 9.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 47,685 shares of the software giant’s stock after selling 4,800 shares during the period. Microsoft makes up about 4.0% of Trust Investment Advisors’ holdings, making the stock its 2nd largest position. Trust Investment Advisors’ holdings in Microsoft were worth $3,552,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of MSFT. Acrospire Investment Management LLC increased its position in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC increased its position in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services increased its position in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares in the last quarter. Finally, Ruggie Capital Group increased its position in shares of Microsoft by 1,165.9% during the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.
MSFT has been the topic of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating and set a $118.00 price target (up previously from $109.00) on shares of Microsoft in a report on Thursday, February 1st. UBS Group set a $110.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Macquarie set a $95.00 price target on Microsoft and gave the stock a “neutral” rating in a report on Thursday, February 1st. Jefferies Group set a $62.00 price target on Microsoft and gave the stock a “sell” rating in a report on Thursday, February 1st. Finally, Morgan Stanley raised their price target on Microsoft from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $99.14.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. equities research analysts forecast that Microsoft Co. will post 3.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 115.07%.
In other news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.
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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.
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