Trading Report: The Capital One National Association decides to keep it stake in Microsoft Corp. (MSFT) to the level of $11,738,000

The Capital One National Association decides to keep it stake in Microsoft Corp. (MSFT) to the level of $11,738,000

Capital One National Association decreased its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 229,391 shares of the software giant’s stock after selling 2,426 shares during the period. Microsoft Corp. comprises 1.0% of Capital One National Association’s investment portfolio, making the stock its 18th largest position. Capital One National Association’s holdings in Microsoft Corp. were worth $11,738,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Northstar Group Inc. boosted its stake in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the last quarter. McQueen Ball & Associates Inc. boosted its stake in shares of Microsoft Corp. by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 8,429 shares of the software giant’s stock valued at $466,000 after buying an additional 25 shares during the last quarter. Palisade Capital Management LLC NJ boosted its stake in shares of Microsoft Corp. by 0.4% in the first quarter. Palisade Capital Management LLC NJ now owns 6,744 shares of the software giant’s stock valued at $372,000 after buying an additional 27 shares during the last quarter. First United Bank Trust boosted its stake in shares of Microsoft Corp. by 0.6% in the second quarter. First United Bank Trust now owns 7,931 shares of the software giant’s stock valued at $406,000 after buying an additional 50 shares during the last quarter. Finally, West Oak Capital LLC boosted its stake in shares of Microsoft Corp. by 1.1% in the second quarter. West Oak Capital LLC now owns 9,010 shares of the software giant’s stock valued at $461,000 after buying an additional 100 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

Microsoft Corp. (NASDAQ:MSFT) traded down 0.33% during midday trading on Thursday, hitting $56.92. The stock had a trading volume of 25,313,748 shares. Microsoft Corp. has a 52-week low of $46.53 and a 52-week high of $58.70. The firm has a 50-day moving average of $57.45 and a 200 day moving average of $54.41. The firm has a market capitalization of $443.55 billion, a P/E ratio of 27.10 and a beta of 1.09.

Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The company earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same period last year, the firm earned $0.60 earnings per share. On average, equities analysts forecast that Microsoft Corp. will post $2.89 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.74%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is 70.24%.

Several equities research analysts recently commented on MSFT shares. Canaccord Genuity reissued a “hold” rating and issued a $55.00 price target on shares of Microsoft Corp. in a research note on Wednesday, June 15th. Deutsche Bank AG reissued a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research note on Wednesday, June 15th. Nomura reissued a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research note on Wednesday, June 15th. Vetr cut Microsoft Corp. from a “strong-buy” rating to a “buy” rating and set a $56.28 target price for the company. in a research report on Tuesday, June 21st. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $62.50 target price on shares of Microsoft Corp. in a research report on Saturday, June 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the stock. Microsoft Corp. presently has a consensus rating of “Buy” and an average price target of $59.55.

In other news, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total transaction of $139,850,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the sale, the chief executive officer now owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.

About Microsoft Corp.

Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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