Union Bankshares Corp decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,126 shares of the software giant’s stock after selling 1,626 shares during the period. Microsoft comprises about 1.8% of Union Bankshares Corp’s investment portfolio, making the stock its 16th biggest position. Union Bankshares Corp’s holdings in Microsoft were worth $5,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC boosted its stake in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services boosted its stake in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares in the last quarter. Finally, NewSquare Capital LLC boosted its stake in shares of Microsoft by 470.8% in the 3rd quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock valued at $193,000 after purchasing an additional 98,752 shares in the last quarter. 73.81% of the stock is currently owned by hedge funds and other institutional investors.
MSFT has been the subject of a number of research reports. KeyCorp upped their price objective on shares of Microsoft from $106.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective for the company. in a research note on Monday, December 11th. Royal Bank of Canada set a $100.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, December 20th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Wednesday, February 14th. Finally, Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $99.45.
Microsoft Co. (MSFT) opened at $89.79 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. The stock has a market cap of $712,076.88, a PE ratio of 61.50, a P/E/G ratio of 2.13 and a beta of 1.04. Microsoft Co. has a 12 month low of $64.35 and a 12 month high of $97.24.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. analysts anticipate that Microsoft Co. will post 3.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.87%. Microsoft’s payout ratio is 115.07%.
In related news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at $15,928,854. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by company 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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