Microsoft Co. (NASDAQ:MSFT) is Watch Point Trust Co’s Largest Position

Watch Point Trust Co boosted its position in Microsoft Co. (NASDAQ:MSFT) by 8.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 60,770 shares of the software giant’s stock after acquiring an additional 4,884 shares during the period. Microsoft comprises approximately 4.5% of Watch Point Trust Co’s holdings, making the stock its biggest holding. Watch Point Trust Co’s holdings in Microsoft were worth $8,448,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA lifted its holdings in shares of Microsoft by 274.5% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Microsoft during the 2nd quarter valued at $26,000. Centaurus Financial Inc. lifted its holdings in shares of Microsoft by 21.1% during the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after acquiring an additional 561 shares in the last quarter. Selective Wealth Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter valued at $36,000. Finally, Atwater Malick LLC acquired a new position in shares of Microsoft during the 3rd quarter valued at $37,000. 72.17% of the stock is owned by hedge funds and other institutional investors.

MSFT opened at $150.34 on Tuesday. The company has a 50-day moving average of $141.57 and a 200-day moving average of $135.97. The company has a market capitalization of $1,144.09 billion, a P/E ratio of 30.05, a PEG ratio of 2.36 and a beta of 1.23. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $150.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.81 and a current ratio of 2.85.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The company had revenue of $33.06 billion during the quarter, compared to the consensus estimate of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 5.35 earnings per share for the current fiscal year.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 18th that allows the company to buyback $40.00 billion in shares. This buyback authorization allows the software giant to buy up to 3.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.51 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 annualized dividend and a dividend yield of 1.36%. This is an increase from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s payout ratio is presently 38.74%.

In related news, CMO Christopher C. Capossela sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $144.01, for a total transaction of $360,025.00. Following the completion of the sale, the chief marketing officer now owns 118,944 shares of the company’s stock, valued at approximately $17,129,125.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Frank H. Brod sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.17, for a total transaction of $548,680.00. Following the sale, the chief accounting officer now directly owns 54,306 shares of the company’s stock, valued at approximately $7,449,154.02. The disclosure for this sale can be found here. Insiders sold a total of 332,804 shares of company stock valued at $45,823,569 in the last three months. Insiders own 1.39% of the company’s stock.

Several equities analysts recently weighed in on the stock. Nomura set a $161.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Tuesday, October 15th. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft in a report on Monday. Deutsche Bank reiterated a “buy” rating and issued a $160.00 price objective on shares of Microsoft in a report on Monday, October 28th. ValuEngine lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Microsoft from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $159.45.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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