Charter Trust Co. Decreases Holdings in Microsoft Corporation (MSFT)

Charter Trust Co. trimmed its position in Microsoft Corporation (NASDAQ:MSFT) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,450 shares of the software giant’s stock after selling 13,303 shares during the quarter. Charter Trust Co.’s holdings in Microsoft Corporation were worth $7,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Hefty Wealth Partners grew its holdings in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. grew its holdings in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in Microsoft Corporation in the 1st quarter valued at $132,000. Arcus Capital Partners LLC acquired a new position in Microsoft Corporation in the 1st quarter valued at $205,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in Microsoft Corporation in the 1st quarter valued at $209,000. 73.40% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s 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 worth $515,879,974 in the last quarter. Company insiders own 2.99% of the company’s stock.

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Shares of Microsoft Corporation (MSFT) traded up 0.27% during midday trading on Friday, reaching $74.41. The company’s stock had a trading volume of 14,111,365 shares. The stock has a market cap of $573.12 billion, a price-to-earnings ratio of 27.46 and a beta of 1.00. The stock has a 50-day moving average price of $73.41 and a 200-day moving average price of $69.80. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97.

Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post $3.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.26%. Microsoft Corporation’s dividend payout ratio is 57.78%.

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

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

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