Microsoft Corporation (NASDAQ:MSFT) Shares Sold by UMB Bank n.a.

UMB Bank n.a. reduced its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 510,858 shares of the software giant's stock after selling 15,345 shares during the period. Microsoft accounts for approximately 3.2% of UMB Bank n.a.'s investment portfolio, making the stock its 5th largest holding. UMB Bank n.a.'s holdings in Microsoft were worth $191,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter valued at approximately $38,000. LSV Asset Management acquired a new position in shares of Microsoft in the 4th quarter valued at $44,000. IFS Advisors LLC grew its stake in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in Microsoft in the fourth quarter valued at about $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 0.4%

Shares of NASDAQ MSFT traded down $2.03 during trading hours on Thursday, hitting $501.48. The company had a trading volume of 16,466,043 shares, compared to its average volume of 21,678,724. The stock has a market capitalization of $3.73 trillion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $506.78. The firm's 50 day moving average is $469.28 and its 200-day moving average is $425.41.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS 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 firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the company posted $2.94 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.66%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI set a $515.00 price objective on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Morgan Stanley reiterated an "overweight" rating and issued a $530.00 price target (up previously from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Finally, Wedbush upped their target price on shares of Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $534.14.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

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.