Sanibel Captiva Trust Company Inc. Has $141.41 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Sanibel Captiva Trust Company Inc. grew its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 376,706 shares of the software giant's stock after purchasing an additional 1,886 shares during the period. Microsoft makes up 4.6% of Sanibel Captiva Trust Company Inc.'s investment portfolio, making the stock its 2nd largest position. Sanibel Captiva Trust Company Inc.'s holdings in Microsoft were worth $141,412,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MSFT. Norges Bank purchased a new position in Microsoft in the fourth quarter worth approximately $44,343,058,000. GAMMA Investing LLC increased its stake in Microsoft by 40,290.4% in the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC increased its stake in Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after buying an additional 16,788,816 shares during the period. Northern Trust Corp increased its stake in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

MSFT traded up $1.84 on Friday, hitting $503.32. 16,454,184 shares of the stock were exchanged, compared to its average volume of 21,652,165. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78. The business has a 50-day moving average of $470.64 and a two-hundred day moving average of $425.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.90, a PEG ratio of 2.27 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the company posted $2.94 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Corporation 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, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.66%. Microsoft's payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSFT. Cantor Fitzgerald boosted their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus upped their target price on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Scotiabank upped their price objective on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Citigroup increased their target price on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Finally, Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $534.14.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the firm'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 transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 75,000 shares of the firm'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 sale, the insider directly owned 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. 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.