Microsoft Co. (NASDAQ:MSFT) Shares Sold by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,292 shares of the software giant's stock after selling 1,175 shares during the period. Microsoft comprises 5.5% of OLD Point Trust & Financial Services N A's investment portfolio, making the stock its largest position. OLD Point Trust & Financial Services N A's holdings in Microsoft were worth $15,719,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MSFT. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its stake in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Swedbank AB increased its position in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after acquiring an additional 49,288 shares during the last quarter. Finally, United Bank increased its position in Microsoft by 4.1% during the third quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after acquiring an additional 730 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Wedbush reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Barclays increased their price target on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price target on Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $513.13.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,743 shares of company stock valued at $58,375,673. Company insiders own 0.03% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT traded up $0.40 during trading on Friday, reaching $459.08. The company's stock had a trading volume of 7,351,179 shares, compared to its average volume of 21,529,499. 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 firm has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The firm has a 50 day moving average price of $407.73 and a 200 day moving average price of $414.89.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

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.