Microsoft Corporation (NASDAQ:MSFT) is Legacy Private Trust Co.'s 9th Largest Position

Legacy Private Trust Co. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,774 shares of the software giant's stock after selling 2,400 shares during the quarter. Microsoft comprises approximately 1.9% of Legacy Private Trust Co.'s portfolio, making the stock its 9th biggest position. Legacy Private Trust Co.'s holdings in Microsoft were worth $27,319,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Adamsbrown Wealth Consultants LLC increased its holdings in 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. raised its stake in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares during the period. 1900 Wealth Management LLC raised its position in shares of Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. raised its position in shares of Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. raised its position in shares of Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after buying an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 0.8%

NASDAQ:MSFT opened at $490.11 on Wednesday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $491.85. The company has a 50-day moving average of $441.90 and a 200 day moving average of $420.91. The firm has a market cap of $3.64 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.68%. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup lifted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Barclays lifted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Bank of America dropped their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, Scotiabank lifted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and an average price target of $515.68.

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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