Peoples Bank OH reduced its position in Microsoft Co. (NASDAQ:MSFT) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,428 shares of the software giant’s stock after selling 800 shares during the period. Microsoft accounts for approximately 0.5% of Peoples Bank OH’s portfolio, making the stock its 28th largest holding. Peoples Bank OH’s holdings in Microsoft were worth $806,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Verity & Verity LLC grew its holdings in Microsoft by 0.6% during the 3rd quarter. Verity & Verity LLC now owns 125,769 shares of the software giant’s stock valued at $9,368,000 after buying an additional 798 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in Microsoft by 5.4% during the 3rd quarter. ST Germain D J Co. Inc. now owns 36,774 shares of the software giant’s stock valued at $2,739,000 after buying an additional 1,896 shares in the last quarter. Mitchell Capital Management Co. purchased a new position in Microsoft during the 3rd quarter valued at about $201,000. Fishman Jay A Ltd. MI grew its holdings in Microsoft by 19.3% during the 3rd quarter. Fishman Jay A Ltd. MI now owns 4,991 shares of the software giant’s stock valued at $372,000 after buying an additional 808 shares in the last quarter. Finally, Country Trust Bank grew its holdings in Microsoft by 7.8% during the 3rd quarter. Country Trust Bank now owns 780,886 shares of the software giant’s stock valued at $58,168,000 after buying an additional 56,169 shares in the last quarter. Institutional investors and hedge funds own 72.44% of the company’s stock.
Shares of MSFT stock opened at $98.66 on Thursday. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00. Microsoft Co. has a fifty-two week low of $67.43 and a fifty-two week high of $98.69. The company has a market capitalization of $751.50 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.15 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a $0.42 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.70%. Microsoft’s payout ratio is currently 50.76%.
A number of research analysts have weighed in on the company. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Instinet initiated coverage on Microsoft in a report on Thursday, January 25th. They set a “buy” rating for the company. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Credit Suisse Group set a $115.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Tuesday, April 24th. Finally, UBS set a $114.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday, April 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $103.13.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now owns 171,278 shares in the company, valued at $15,928,854. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.49% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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