Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,136 shares of the software giant's stock after purchasing an additional 685 shares during the period. Microsoft accounts for about 1.7% of Farmers & Merchants Trust Co of Chambersburg PA's portfolio, making the stock its 14th largest position. Farmers & Merchants Trust Co of Chambersburg PA's holdings in Microsoft were worth $4,931,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Newton One Investments LLC grew its position in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the period. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $31,000. LSV Asset Management acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $44,000. IFS Advisors LLC grew its position 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 during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $62,000. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT traded down $2.31 on Friday, hitting $520.17. 25,185,972 shares of the company traded hands, compared to its average volume of 20,739,252. The company has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.28 and a beta of 1.06. 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 business's 50 day moving average price is $502.60 and its 200-day moving average price is $441.01. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share 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%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.95 earnings per share. Equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is presently 24.34%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MSFT. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Jefferies Financial Group lifted their target price on Microsoft from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Cantor Fitzgerald lifted their target price on Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Citigroup lifted their target price on Microsoft from $605.00 to $613.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $609.86.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This 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 valued at $21,493,447 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft 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.