First National Bank of Mount Dora Trust Investment Services Has $6.28 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

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First National Bank of Mount Dora Trust Investment Services lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 18.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,201 shares of the software giant’s stock after selling 10,420 shares during the period. Microsoft accounts for approximately 2.9% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 5th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Microsoft were worth $6,284,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Lincoln Capital LLC boosted its stake in Microsoft by 0.8% during the fourth quarter. Lincoln Capital LLC now owns 47,741 shares of the software giant’s stock valued at $4,849,000 after buying an additional 359 shares during the last quarter. CapWealth Advisors LLC boosted its stake in Microsoft by 7.8% during the fourth quarter. CapWealth Advisors LLC now owns 235,980 shares of the software giant’s stock valued at $23,968,000 after buying an additional 16,985 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in Microsoft by 13.6% during the fourth quarter. Segall Bryant & Hamill LLC now owns 931,956 shares of the software giant’s stock valued at $94,659,000 after buying an additional 111,350 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Microsoft by 18.4% during the fourth quarter. IHT Wealth Management LLC now owns 44,396 shares of the software giant’s stock valued at $4,509,000 after buying an additional 6,902 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in Microsoft by 0.6% during the fourth quarter. Ancora Advisors LLC now owns 239,302 shares of the software giant’s stock valued at $24,306,000 after buying an additional 1,496 shares during the last quarter. 72.16% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on MSFT. Macquarie raised their price objective on Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. CIBC raised their price objective on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Stifel Nicolaus raised their price objective on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a research note on Friday, July 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Microsoft in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and an average price target of $151.52.

In related news, CFO Amy Hood sold 123,769 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the completion of the sale, the chief financial officer now directly owns 433,940 shares of the company’s stock, valued at approximately $59,562,604.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 99,837 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total value of $13,697,636.40. Following the transaction, the chief executive officer now owns 1,124,339 shares in the company, valued at $154,259,310.80. The disclosure for this sale can be found here. Insiders have sold a total of 318,757 shares of company stock valued at $43,735,918 over the last three months. 1.38% of the stock is owned by corporate insiders.

Shares of MSFT stock opened at $139.68 on Friday. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $142.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. The firm has a market capitalization of $1,066.51 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.35 and a beta of 1.22. The stock has a 50 day moving average price of $137.45 and a 200 day moving average price of $132.03.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period last year, the company earned $1.13 EPS. Microsoft’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Co. will post 5.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.51 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, November 20th. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.

Microsoft declared that its board has approved a stock repurchase program on Wednesday, September 18th that permits the company to buyback $40.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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