Trust Co. of Toledo NA OH Purchases 5,840 Shares of Microsoft Corporation (MSFT)

Trust Co. of Toledo NA OH lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,159 shares of the software giant’s stock after buying an additional 5,840 shares during the period. Microsoft Corporation makes up approximately 2.4% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 5th largest position. Trust Co. of Toledo NA OH’s holdings in Microsoft Corporation were worth $9,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Investec Asset Management LTD increased its holdings in Microsoft Corporation by 43.5% in the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. State Street Corp increased its holdings in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Steadfast Capital Management LP increased its holdings in Microsoft Corporation by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Microsoft Corporation in the 1st quarter valued at approximately $99,933,000. Finally, Boston Partners increased its holdings in Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after purchasing an additional 1,435,233 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

Microsoft Corporation (NASDAQ:MSFT) traded up 0.53% during mid-day trading on Monday, reaching $76.40. 5,469,322 shares of the company were exchanged. Microsoft Corporation has a 12 month low of $56.31 and a 12 month high of $76.55. The company’s 50 day moving average price is $74.09 and its 200-day moving average price is $70.63. The stock has a market capitalization of $588.45 billion, a P/E ratio of 28.19 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last released its 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 firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, equities analysts expect that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.21%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

ILLEGAL ACTIVITY WARNING: “Trust Co. of Toledo NA OH Purchases 5,840 Shares of Microsoft Corporation (MSFT)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://ledgergazette.com/2017/10/09/trust-co-of-toledo-na-oh-purchases-5840-shares-of-microsoft-corporation-msft.html.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by corporate insiders.

Several analysts recently weighed in on the stock. Royal Bank Of Canada set a $77.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Monday, September 18th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a report on Tuesday, September 12th. Canaccord Genuity reiterated a “hold” rating and issued a $76.00 target price on shares of Microsoft Corporation in a report on Friday, September 15th. Finally, ValuEngine downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average pr

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Investec Asset Management LTD increased its holdings in Microsoft Corporation by 43.5% in the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. State Street Corp increased its holdings in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Steadfast Capital Management LP increased its holdings in Microsoft Corporation by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Microsoft Corporation in the 1st quarter valued at approximately $99,933,000. Finally, Boston Partners increased its holdings in Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after purchasing an additional 1,435,233 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

Microsoft Corporation (NASDAQ:MSFT) traded up 0.53% during mid-day trading on Monday, reaching $76.40. 5,469,322 shares of the company were exchanged. Microsoft Corporation has a 12 month low of $56.31 and a 12 month high of $76.55. The company’s 50 day moving average price is $74.09 and its 200-day moving average price is $70.63. The stock has a market capitalization of $588.45 billion, a P/E ratio of 28.19 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last released its 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 firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, equities analysts expect that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.21%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

ILLEGAL ACTIVITY WARNING: “Trust Co. of Toledo NA OH Purchases 5,840 Shares of Microsoft Corporation (MSFT)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://ledgergazette.com/2017/10/09/trust-co-of-toledo-na-oh-purchases-5840-shares-of-microsoft-corporation-msft.html.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by corporate insiders.

Several analysts recently weighed in on the stock. Royal Bank Of Canada set a $77.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Monday, September 18th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a report on Tuesday, September 12th. Canaccord Genuity reiterated a “hold” rating and issued a $76.00 target price on shares of Microsoft Corporation in a report on Friday, September 15th. Finally, ValuEngine downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $77.44.

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.

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

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