Farmers Trust Co. reduced its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 9.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,126 shares of the software giant’s stock after selling 12,566 shares during the period. Microsoft Corporation comprises 3.0% of Farmers Trust Co.’s portfolio, making the stock its 4th largest holding. Farmers Trust Co.’s holdings in Microsoft Corporation were worth $8,487,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MSFT. Capital One National Association increased its stake in shares of Microsoft Corporation by 2.0% in the second quarter. Capital One National Association now owns 253,208 shares of the software giant’s stock worth $17,454,000 after purchasing an additional 4,943 shares in the last quarter. Prentiss Smith & Co. Inc. increased its stake in shares of Microsoft Corporation by 7.7% in the second quarter. Prentiss Smith & Co. Inc. now owns 11,179 shares of the software giant’s stock worth $771,000 after purchasing an additional 800 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in shares of Microsoft Corporation by 1.7% in the second quarter. Cardinal Capital Management Inc. now owns 230,546 shares of the software giant’s stock worth $15,892,000 after purchasing an additional 3,761 shares in the last quarter. BKD Wealth Advisors LLC increased its stake in shares of Microsoft Corporation by 1.2% in the second quarter. BKD Wealth Advisors LLC now owns 82,824 shares of the software giant’s stock worth $5,709,000 after purchasing an additional 964 shares in the last quarter. Finally, Guinness Asset Management Ltd increased its stake in shares of Microsoft Corporation by 14.1% in the second quarter. Guinness Asset Management Ltd now owns 170,430 shares of the software giant’s stock worth $11,748,000 after purchasing an additional 21,120 shares in the last quarter. 73.40% of the stock is owned by institutional investors and hedge funds.

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MSFT has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Microsoft Corporation in a research note on Monday, May 29th. Cowen and Company reissued an “outperform” rating and issued a $76.00 price objective on shares of Microsoft Corporation in a research note on Wednesday, May 31st. BidaskClub cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price objective for the company in a research note on Monday, June 12th. Finally, Global Equities Research reissued a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $76.72.

Shares of Microsoft Corporation (MSFT) traded up 0.27% on Friday, hitting $74.41. 14,111,365 shares of the stock were exchanged. The company’s 50 day moving average is $73.41 and its 200-day moving average is $69.80. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97. The stock has a market cap of $573.12 billion, a PE ratio of 27.46 and a beta of 1.00. Microsoft Corporation also saw some unusual options trading activity on Wednesday. Investors bought 29,563 put options on the stock. This represents an increase of 118% compared to the typical daily volume of 13,565 put options.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. Analysts predict that Microsoft Corporation will post $3.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.42 dividend. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.26%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.

In other news, insider G Mason Morfit sold 7,000,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Insiders sold 7,108,526 shares of company stock worth $515,879,974 over the last quarter. 2.99% of the stock is currently owned by insiders.

Microsoft Corporation Company Profile

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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