Microsoft Co. (NASDAQ:MSFT) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,099 shares of the software giant's stock after selling 4,183 shares during the period. Microsoft makes up approximately 2.9% of FineMark National Bank & Trust's holdings, making the stock its 5th largest holding. FineMark National Bank & Trust's holdings in Microsoft were worth $82,656,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC grew its position in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft in the 4th quarter worth about $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MSFT shares. Mizuho lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wedbush reissued an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating on shares of Microsoft in a research report on Wednesday. Barclays lifted their price objective on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $513.13.

Microsoft Trading Up 0.3%

Shares of MSFT stock traded up $1.50 on Wednesday, hitting $464.47. The stock had a trading volume of 2,811,424 shares, compared to its average volume of 21,406,051. The firm has a market cap of $3.45 trillion, a P/E ratio of 37.42, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $411.89 and a two-hundred day moving average price of $415.62.

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. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the business posted $2.94 EPS. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.71%. Microsoft's dividend payout ratio is currently 25.66%.

Insider Buying and Selling

In other news, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares in the company, valued at $21,647,150.58. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,743 shares of company stock worth $58,835,683. 0.03% of the stock is owned by corporate 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.