Essex Savings Bank increased its share of Microsoft Co. shares (NASDAQ: MSFT) by 0.8% this quarter, based on its latest disclosure with the SEC. The institutional investor held 26,488 shares of the software giant after buying 222 more shares during the period. Microsoft contains approximately 3.2% of Essex Savings Bank’s assets, making it its seventh-largest position. Essex Savings Bank’s shares in Microsoft were worth $5,391,000 at the time of its last filing with the SEC.
Other institutional investors and the hedging budget have also recently replaced their positions in the company. Selective Wealth Management Inc. increased its stake in Microsoft to 26.9% this quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant valued at $48,000 after earning 50 more shares in the last quarter. Avondale Wealth Management increased its stake in Microsoft by 25.4% in the first quarter. Avondale Wealth Management now owns 464 shares of the software giant valued at $73,000 after earning 94 more shares in the last quarter. Sofos Investments Inc. increased its stake in Microsoft by 15.5% in the first quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant valued at $81,000 after earning 343 more shares in the most recent quarter. Cypress Capital Management LLC WY increased its stake in Microsoft by 14.3% in the first quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant valued at $120,000 after earning another 95 shares in the last quarter. Finally, Lake Point Wealth Management increased its stake in Microsoft by 32.8% in the first quarter. Lake Point Wealth Management now owns 777 shares of the software giant valued at $123,000 after earning 192 more shares in the last quarter. 70.59% of shares are held lately through hedging budgets and institutional investors.
Microsoft’s shares opened at $209.19 on Thursday. The company has a market capitalization of $1,583.08 billion, an EP ratio of 36.38, a value/earnings/growth ratio of 2.42 and a beta of 0.90. The Company has a debt ratio of 0.57, an existing ratio of 2.52 and an immediate ratio of 2.49. The average value of the company’s 50-day cell phones is $206.23 and its average moving value of two hundred days is $181.26. Microsoft Co. has a minimum of $132.25 in 52 weeks and a maximum of $217.64 in 52 weeks.
Microsoft (NASDAQ: MSFT) last announced its quarterly effects on Wednesday, July 22. The software giant reported consistent gains with a consistent percentage (EPS) of $1.46 for the quarter, surpassing Thomson Reuters’ consensus estimate of $1.34 consistent with $0.12. The company reported earnings of $38.03 billion for the quarter, with analyst estimates of $36.59 billion. Microsoft had a net margin of 30.96% and a return to equity of 39.45%. Analysts expect Microsoft Co. consistent earnings with a consistent percentage of 6.39 for the existing fiscal year.
The corporation also recently announced a quarterly dividend, which will be paid on Thursday, September 10. Shareholders indexed on Thursday, August 20, will receive a dividend of $0.51. This represents an annualized dividend of $2.04 and a dividend yield of 0.98%. The ex-dividend date is Wednesday, August 19. The Microsoft distribution rate is 35.42%.
In addition, Executive Vice President Jean Philippe Courtois sold 15,140 company inventories in a transaction dated Thursday, August 6. Inventories were sold at an average value of $215.00 for a total cost of $3,255,100.00. As a result of the sale, the Executive Vice President now has 560,498 company inventories, at a cost of approximately $120,507,070. The transaction is disclosed in a legal filing with the SEC, which will be made through the SEC’s website. 1.39% of inventory is held lately through corporate internal people.
MSFT has been the subject of several analyst reports. Wells Fargo and Co raised its value target on Microsoft inventories from $205.00 to $250.00 and gave the company an “overweight” score on a study note on Tuesday, June 2. They noted that the motion was a call for evaluation. The Royal Bank of Canada issued an “acquisition” note and issued a $230.00 value target (compared to $240.00) on Microsoft’s inventories in a study note on Thursday, July 23. Mizuho reformulated a “buy” note and posted a $205.00 value target in Microsoft inventories in a study note on Wednesday, May 20. Morgan Stanley reduced Microsoft’s inventories to an “online” note in a study note on Monday, July 27. Finally, Argus raised his value target on Microsoft inventories from $200.00 to $235.00 and gave the inventory a “buy” rating on a study note on Wednesday, June 24. One analyst rated the inventory with a sales note, 4 issued a retention note, 32 issued an acquisition note, and one gave the company a strong acquisition Score. The inventory has a consensus score of “Buy” and an average target value of $213.23.
About Microsoft
Microsoft Corporation develops, licenses, and supports software, services, devices, and responses worldwide. Your company’s Productivity and Business Processes segment provides office 365 business products and services, such as Office, Exchange, SharePoint, Skype Enterprise, Microsoft Teams, and related visitor licenses (CALLs); Office 365 client services, adding Skype, Outlook.com, and OneDrive; LinkedIn’s professional online network; and Dynamics business responses add monetary control, business resource planning, visitor appointment control, source chain control, and analytics programs for small and medium businesses, giant organizations, and business divisions.
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