Microsoft Corporation (NASDAQ:MSFT) Holdings Decreased by UMB Bank n.a.

UMB Bank n.a. decreased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 510,858 shares of the software giant's stock after selling 15,345 shares during the quarter. Microsoft makes up 3.2% of UMB Bank n.a.'s portfolio, making the stock its 5th biggest holding. UMB Bank n.a.'s holdings in Microsoft were worth $191,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft during the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft during the fourth quarter valued at approximately $38,000. LSV Asset Management bought a new position in Microsoft during the fourth quarter valued at approximately $44,000. IFS Advisors LLC boosted its stake in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in Microsoft during the fourth quarter valued at approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 1.4%

MSFT traded up $6.89 during trading on Wednesday, hitting $503.51. 18,638,093 shares of the stock were exchanged, compared to its average volume of 21,685,666. The firm has a 50 day simple moving average of $465.60 and a 200 day simple moving average of $424.41. The firm has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 2.25 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $506.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

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

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given 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 dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. 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. UBS Group reissued a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Wedbush upped their price objective on Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. TD Securities upped their price objective on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $527.31.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction 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 sale, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction 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 sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

About Microsoft

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.