Microsoft Corporation $MSFT is Fulton Bank N.A.'s 10th Largest Position

Key Points

• Fulton Bank N.A. has decreased its stake in Microsoft Corporation by 1.6%, now owning 115,480 shares, which represents 2.1% of its investment portfolio, making Microsoft its 10th largest holding.
• Microsoft's recent earnings report showed $3.65 earnings per share, exceeding expectations, with a revenue of $76.44 billion, reflecting an 18.1% increase year-over-year.
• The company has recently declared an increase in its quarterly dividend to $0.91 per share, with the payment set for December 11th, marking a rise from the previous dividend of $0.83.

Fulton Bank N.A. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,480 shares of the software giant's stock after selling 1,833 shares during the quarter. Microsoft accounts for 2.1% of Fulton Bank N.A.'s investment portfolio, making the stock its 10th largest holding. Fulton Bank N.A.'s holdings in Microsoft were worth $57,441,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Newton One Investments LLC raised its position in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after buying an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at about $31,000. Bulwark Capital Corp purchased a new position in shares of Microsoft in the 2nd quarter valued at about $32,000. LSV Asset Management purchased a new position in shares of Microsoft in the 4th quarter valued at about $44,000. Finally, IFS Advisors LLC increased its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the sale, the executive vice president directly owned 39,111 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 149,205 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the sale, the chief executive officer directly owned 790,852 shares in the company, valued at $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSFT. Wedbush increased their price target on shares of Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $650.00 price target (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Bank of America increased their price target on shares of Microsoft from $585.00 to $640.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Barclays reiterated an "overweight" rating and issued a $625.00 price target on shares of Microsoft in a report on Friday, August 29th. Finally, Cantor Fitzgerald increased their price target on shares of Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $614.45.

Microsoft Stock Performance

NASDAQ:MSFT opened at $511.46 on Friday. 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 firm has a 50-day moving average price of $512.03 and a two-hundred day moving average price of $462.06. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The company has a market capitalization of $3.80 trillion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 2.21 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. During the same period last year, the firm posted $2.95 EPS. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. Microsoft has set its Q1 2026 guidance at EPS. As a group, research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. This is an increase from Microsoft's previous quarterly dividend of $0.83. Microsoft's dividend payout ratio is 24.34%.

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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