Microsoft Corporation (NASDAQ:MSFT) Shares Sold by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC lessened its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,283 shares of the software giant's stock after selling 2,136 shares during the quarter. Microsoft accounts for about 1.8% of AAFMAA Wealth Management & Trust LLC's holdings, making the stock its 10th biggest position. AAFMAA Wealth Management & Trust LLC's holdings in Microsoft were worth $3,860,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MSFT. Gateway Investment Advisers LLC increased its stake in shares of Microsoft by 0.5% during the 1st quarter. Gateway Investment Advisers LLC now owns 1,427,989 shares of the software giant's stock worth $536,053,000 after purchasing an additional 7,494 shares during the last quarter. GGM Financials LLC increased its stake in shares of Microsoft by 27.7% during the 1st quarter. GGM Financials LLC now owns 2,959 shares of the software giant's stock worth $1,111,000 after purchasing an additional 642 shares during the last quarter. OLIO Financial Planning increased its stake in shares of Microsoft by 6.9% during the 1st quarter. OLIO Financial Planning now owns 1,294 shares of the software giant's stock worth $486,000 after purchasing an additional 83 shares during the last quarter. Seneca House Advisors increased its stake in shares of Microsoft by 2.9% during the 1st quarter. Seneca House Advisors now owns 30,784 shares of the software giant's stock worth $11,556,000 after purchasing an additional 866 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its stake in shares of Microsoft by 2.6% during the 1st quarter. Stokes Capital Advisors LLC now owns 39,384 shares of the software giant's stock worth $14,784,000 after purchasing an additional 982 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MSFT shares. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Scotiabank increased their price target on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Citigroup upped their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. The Goldman Sachs Group upped their price objective on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $524.71.

Microsoft Price Performance

MSFT traded down $1.10 during midday trading on Tuesday, reaching $496.62. 11,831,573 shares of the company's stock were exchanged, compared to its average volume of 21,644,968. The firm has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76. The business has a 50-day simple moving average of $463.54 and a two-hundred day simple moving average of $423.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 earnings per share. As a group, research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.