Community Bank N.A. reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,605 shares of the software giant's stock after selling 821 shares during the period. Microsoft makes up 3.3% of Community Bank N.A.'s portfolio, making the stock its 4th largest holding. Community Bank N.A.'s holdings in Microsoft were worth $25,966,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC grew its stake in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares in the last quarter. Mcdaniel Terry & Co. lifted its position in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares during the period. Centric Wealth Management raised its stake in shares of Microsoft by 0.7% during the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after acquiring an additional 112 shares in the last quarter. 1900 Wealth Management LLC raised its stake in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Microsoft by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after purchasing an additional 217,509 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MSFT. The Goldman Sachs Group increased their price objective on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Raymond James boosted their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and an average price target of $513.13.
Check Out Our Latest Report on MSFT
Microsoft Price Performance
Shares of NASDAQ:MSFT traded up $1.00 on Tuesday, reaching $462.97. 15,728,451 shares of the company were exchanged, compared to its average volume of 21,478,075. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The firm has a market cap of $3.44 trillion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a 50-day moving average of $411.89 and a 200-day moving average of $415.62.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.94 EPS. Equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. Microsoft's payout ratio is 25.66%.
Insider Activity at Microsoft
In related news, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the 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 completion of the sale, the executive vice president now directly owns 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,743 shares of company stock valued at $58,835,683. Insiders own 0.03% of the company's stock.
Microsoft Profile
(
Free Report)
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.
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