Charles Schwab Trust Co Has $6.81 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Charles Schwab Trust Co reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,137 shares of the software giant's stock after selling 1,950 shares during the period. Charles Schwab Trust Co's holdings in Microsoft were worth $6,808,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MSFT. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter worth $31,000. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter worth $38,000. LSV Asset Management bought a new stake in Microsoft in the fourth quarter worth $44,000. IFS Advisors LLC increased its position in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in Microsoft during the fourth quarter valued at about $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Jefferies Financial Group lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Wedbush upped their price objective on shares of Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $524.71.

Insider Activity at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Price Performance

NASDAQ MSFT traded up $7.16 on Thursday, reaching $498.25. The company's stock had a trading volume of 13,984,829 shares, compared to its average volume of 21,645,425. The firm has a market cap of $3.70 trillion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $500.76. The business has a 50-day moving average price of $457.07 and a 200 day moving average price of $423.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 EPS. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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

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.