Mizuho Trust & Banking Co. Ltd. cut its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 12,148,579 shares of the software giant’s stock after selling 7,273 shares during the period. Microsoft Corp. makes up approximately 1.9% of Mizuho Trust & Banking Co. Ltd.’s portfolio, making the stock its 3rd largest position. Mizuho Trust & Banking Co. Ltd.’s holdings in Microsoft Corp. were worth $621,643,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Invictus RG acquired a new position in shares of Microsoft Corp. during the first quarter worth $107,000. Riggs Asset Managment Co. Inc. boosted its stake in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares during the period. Lowe fs LLC boosted its stake in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock valued at $164,000 after buying an additional 44 shares during the period. Northstar Group Inc. boosted its stake in 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 period. Finally, Wrapmanager Inc. bought a new stake in Microsoft Corp. during the first quarter valued at $205,000. Institutional investors own 71.69% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.38% during trading on Friday, reaching $59.87. The company’s stock had a trading volume of 33,574,684 shares. The company has a market capitalization of $465.51 billion, a PE ratio of 28.67 and a beta of 1.09. Microsoft Corp. has a 52 week low of $48.04 and a 52 week high of $61.37. The company has a 50 day moving average price of $57.87 and a 200-day moving average price of $54.76.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The company earned $22.30 billion during the quarter, compared to analysts’ expectations of $21.71 billion. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corp. will post $2.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.61%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is 69.23%.
MSFT has been the subject of several research reports. Barclays PLC reaffirmed an “overweight” rating and set a $65.00 price target (up previously from $60.00) on shares of Microsoft Corp. in a research report on Friday, October 21st. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price objective for the company in a research note on Wednesday. Cowen and Company reiterated an “outperform” rating and set a $60.00 price objective on shares of Microsoft Corp. in a research note on Friday, September 30th. JPMorgan Chase & Co. set a $55.00 price objective on Microsoft Corp. and gave the company a “neutral” rating in a research note on Thursday, October 20th. Finally, Wunderlich upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $60.00 to $70.00 in a research note on Friday, October 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Microsoft Corp. currently has a consensus rating of “Buy” and an average price target of $61.85.
In other news, Director William H. Gates III sold 2,700,000 shares of the stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $60.99, for a total transaction of $164,673,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 120,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the transaction, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at $30,285,370.50. The disclosure for this sale can be found here. Insiders own 2.99% of the company’s stock.
Microsoft Corp. Company Profile
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.