Bar Harbor Trust Services reduced its stake in Microsoft Co. (NASDAQ: MSFT – Get a rating) by 19.2% in the 1st quarter, Holdings Channel.com reports. The company held 32,811 shares of the software giant after selling 7,777 shares during the period. Microsoft owns about 3.1% of Bar Harbor Trust Services’ holdings, making the stock its 8th-largest position. Bar Harbor Trust Services’ holdings in Microsoft were worth $10,116,000 at the end of the last quarter.
Other big investors have also been buying and selling shares of the company recently. Woodward Diversified Capital LLC increased its stake in Microsoft shares by 1.6% during the 1st quarter. Woodward Diversified Capital LLC now owns 22,121 shares of the software giant worth $6,820,000 after acquiring 341 additional shares in the last quarter. Atlas Brown Inc. increased its stake in Microsoft stock by 7.1% during the 1st quarter. Atlas Brown Inc. now owns 22,837 shares of the software giant worth $7,041,000 after acquiring 1,506 additional shares in the last quarter. Corbenic Partners LLC increased its stake in Microsoft shares by 8.2% in the 1st quarter. Corbenic Partners LLC now owns 34,773 shares of the software giant worth $10,721,000 after acquiring 2,649 additional shares in the last quarter. Lenox Wealth Advisors LLC increased its stake in Microsoft shares by 16.3% in the 1st quarter. Lenox Wealth Advisors LLC now owns 14,660 shares of the software giant worth $4,354,000 after acquiring 2,050 additional shares in the last quarter. Finally, Absher Wealth Management LLC increased its stake in Microsoft shares by 0.9% in the 1st quarter. Absher Wealth Management LLC now owns 96,498 shares of the software giant worth $29,751,000 after acquiring 822 additional shares in the last quarter. 69.99% of the shares are held by institutional investors and hedge funds.
MSFT action opened at $259.58 on Monday. The company has a 50-day moving average of $264.65 and a 200-day moving average of $290.36. The stock has a market capitalization of $1.94 trillion, a PE ratio of 27.10, a price-to-earnings growth ratio of 2.34 and a beta of 0.93. The company has a quick ratio of 1.95, a current ratio of 1.99 and a leverage ratio of 0.30. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.
Microsoft (NASDAQ: MSFT – Get a rating) last reported results on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating analyst consensus estimates of $2.18 by $0.04. The company posted revenue of $49.36 billion in the quarter, compared to $49.05 billion expected by analysts. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. Microsoft’s revenue for the quarter increased 18.4% year over year. During the same period last year, the company achieved EPS of $1.95. On average, stock research analysts expect Microsoft Co. to post earnings per share of 9.28 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. This represents a dividend of $2.48 on an annualized basis and a yield of 0.96%. The ex-date of this dividend is Wednesday, August 17. Microsoft’s dividend payout ratio is currently 25.89%.
MSFT has been the subject of a number of research analyst reports. Wells Fargo & Company reduced its price target on Microsoft from $425.00 to $400.00 and set an “overweight” rating for the company in a Tuesday, April 19 research note. Wolfe Research raised its price target on Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a Wednesday, April 27 report. William Blair reiterated an “outperforming” rating on Microsoft shares in a Wednesday, April 27 report. Credit Suisse Group set a price target of $400.00 on Microsoft in a Friday, June 3 report. Finally, UBS Group set a price target of $330.00 on Microsoft in a Monday, June 20 report. An equity research analyst rated the stock with a hold rating and thirty gave the company a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $353.93.
Microsoft Profile (Get a rating)
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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