Family Capital Trust Co Has $3.07 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Family Capital Trust Co lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 591.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,176 shares of the software giant's stock after purchasing an additional 6,993 shares during the quarter. Microsoft accounts for 1.1% of Family Capital Trust Co's investment portfolio, making the stock its 25th largest holding. Family Capital Trust Co's holdings in Microsoft were worth $3,069,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in Microsoft in the 4th quarter valued at $44,343,058,000. GAMMA Investing LLC lifted its holdings in Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after purchasing an additional 46,579,693 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after acquiring an additional 16,788,816 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $522.48 on Friday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $501.60 and a 200 day moving average of $440.51. The firm has a market cap of $3.88 trillion, a PE ratio of 38.30, a PEG ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. Microsoft's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $2.95 EPS. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. Wells Fargo & Company reiterated an "overweight" rating and set a $650.00 price objective (up from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on Microsoft from $540.00 to $637.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Loop Capital lifted their price objective on Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Mizuho boosted their price target on Microsoft from $540.00 to $625.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $609.86.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,350 shares of company stock worth $21,493,447 in the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Company 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.

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