Trust Co. of Vermont Increases Stake in Microsoft Co. (MSFT)

Trust Co. of Vermont lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,974 shares of the software giant’s stock after purchasing an additional 9,053 shares during the period. Microsoft accounts for approximately 1.9% of Trust Co. of Vermont’s investment portfolio, making the stock its 5th biggest holding. Trust Co. of Vermont’s holdings in Microsoft were worth $21,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Spectrum Financial Alliance Ltd LLC bought a new position in Microsoft during the 1st quarter worth $147,000. Ballew Advisors Inc acquired a new stake in shares of Microsoft in the 1st quarter valued at $164,000. Lara May & Associates LLC acquired a new stake in shares of Microsoft in the 1st quarter valued at $199,000. Chartist Inc. CA acquired a new stake in shares of Microsoft in the 1st quarter valued at $207,000. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. acquired a new stake in shares of Microsoft in the 1st quarter valued at $210,000. Institutional investors own 71.75% of the company’s stock.

A number of equities research analysts have weighed in on the company. Argus reaffirmed a “focus list” rating and issued a $116.00 target price on shares of Microsoft in a report on Wednesday, June 6th. Macquarie reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Microsoft in a report on Wednesday, June 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 target price on shares of Microsoft in a report on Monday, September 10th. Royal Bank of Canada set a $124.00 target price on Microsoft and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays set a $120.00 target price on Microsoft and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $119.74.

In other Microsoft news, CMO Christopher C. Capossela sold 23,337 shares of Microsoft stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the transaction, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at approximately $20,814,055.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Satya Nadella sold 328,000 shares of Microsoft stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the transaction, the chief executive officer now directly owns 778,596 shares in the company, valued at $85,209,546.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 650,042 shares of company stock worth $71,264,850. 1.49% of the stock is currently owned by company insiders.

NASDAQ MSFT opened at $113.98 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90. Microsoft Co. has a twelve month low of $73.17 and a twelve month high of $115.29. The firm has a market cap of $882.94 billion, a P/E ratio of 29.38, a PEG ratio of 2.19 and a beta of 1.26.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter last year, the business posted $0.75 EPS. Microsoft’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts forecast that Microsoft Co. will post 4.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.61%. Microsoft’s dividend payout ratio (DPR) is 43.30%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, 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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