First Financial Bank Trust Division raised its position in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,593 shares of the software giant’s stock after buying an additional 621 shares during the period. Microsoft makes up about 2.4% of First Financial Bank Trust Division’s holdings, making the stock its 8th biggest holding. First Financial Bank Trust Division’s holdings in Microsoft were worth $15,540,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MSFT. Harbour Investment Management LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at about $6,985,000. Broderick Brian C raised its stake in shares of Microsoft by 14.1% in the 4th quarter. Broderick Brian C now owns 53,959 shares of the software giant’s stock valued at $4,616,000 after purchasing an additional 6,670 shares in the last quarter. Columbus Macro LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at about $805,000. PFG Advisors acquired a new stake in shares of Microsoft in the 4th quarter valued at about $214,000. Finally, Delaney Dennis R raised its stake in shares of Microsoft by 13.5% in the 4th quarter. Delaney Dennis R now owns 23,117 shares of the software giant’s stock valued at $1,978,000 after purchasing an additional 2,750 shares in the last quarter. 71.75% of the stock is owned by institutional investors.

Shares of NASDAQ:MSFT opened at $111.70 on Thursday. Microsoft Co. has a 52 week low of $72.92 and a 52 week high of $113.73. The company has a market capitalization of $872.93 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.17 and a beta of 1.26. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The company had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. During the same quarter last year, the business earned $0.75 earnings per share. Microsoft’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts predict that Microsoft Co. will post 4.25 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is presently 43.30%.

MSFT has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Microsoft from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, August 27th. Oppenheimer upped their target price on shares of Microsoft to $127.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley set a $130.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, July 9th. Finally, KeyCorp restated a “buy” rating and issued a $110.00 target price on shares of Microsoft in a research note on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and an average target price of $119.74.

In other Microsoft news, EVP Margaret L. Johnson sold 47,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total value of $5,060,490.00. Following the sale, the executive vice president now owns 109,687 shares in the company, valued at $11,809,999.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the completion of the sale, the chief financial officer now owns 669,327 shares in the company, valued at approximately $74,228,364.30. The disclosure for this sale can be found here. Insiders sold 650,042 shares of company stock worth $71,264,850 in the last 90 days. 1.49% of the stock is owned by company insiders.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Further Reading: Fiduciary

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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