Microsoft Corporation (MSFT) is Toth Financial Advisory Corp’s 3rd Largest Position
Toth Financial Advisory Corp decreased its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 142,206 shares of the software giant’s stock after selling 1,600 shares during the quarter. Microsoft Corporation comprises 2.6% of Toth Financial Advisory Corp’s portfolio, making the stock its 3rd biggest holding. Toth Financial Advisory Corp’s holdings in Microsoft Corporation were worth $9,802,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. 3G Capital Partners LP boosted its holdings in shares of Microsoft Corporation by 7.1% in the 4th quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after purchasing an additional 106,728 shares during the period. Tompkins Financial Corp boosted its holdings in shares of Microsoft Corporation by 21.1% in the 1st quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after purchasing an additional 18,225 shares during the period. State of Wisconsin Investment Board boosted its holdings in shares of Microsoft Corporation by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after purchasing an additional 530,893 shares during the period. Wealthfront Inc. boosted its holdings in shares of Microsoft Corporation by 15.8% in the 4th quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after purchasing an additional 31,364 shares during the period. Finally, Dodge & Cox purchased a new position in shares of Microsoft Corporation in the 4th quarter worth approximately $2,658,504,000. Hedge funds and other institutional investors own 73.47% of the company’s stock.
In related news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last 90 days. Insiders own 2.99% of the company’s stock.
MSFT has been the subject of a number of recent research reports. ValuEngine upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Zacks Investment Research cut Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Finally, Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 target price for the company in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company. Microsoft Corporation has an average rating of “Buy” and a consensus target price of $76.72.
Microsoft Corporation (MSFT) traded down 0.08% during midday trading on Thursday, hitting $75.15. The company had a trading volume of 6,688,220 shares. The stock has a market cap of $578.82 billion, a PE ratio of 27.73 and a beta of 1.00. Microsoft Corporation has a 52-week low of $55.98 and a 52-week high of $75.49. The stock’s 50-day moving average price is $73.16 and its 200-day moving average price is $69.41.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the previous year, the firm posted $0.69 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Microsoft Corporation will post $3.17 EPS for the current fiscal year.
About Microsoft Corporation
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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