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

UMB Bank n.a. trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 510,858 shares of the software giant's stock after selling 15,345 shares during the period. Microsoft comprises approximately 3.2% of UMB Bank n.a.'s portfolio, making the stock its 5th largest position. UMB Bank n.a.'s holdings in Microsoft were worth $191,771,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. boosted its holdings in shares of Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares during the period. 1900 Wealth Management LLC boosted its holdings 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 worth $4,274,000 after purchasing an additional 294 shares during the period. Strategic Financial Services Inc. raised its stake in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after buying an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. raised its stake in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after buying an additional 1,043 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Barclays increased their price target 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. Raymond James Financial increased their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" 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. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $534.14.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction 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 approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 in the last 90 days. Insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.4%

Shares of MSFT traded down $2.14 on Thursday, hitting $501.37. 8,643,257 shares of the stock traded hands, compared to its average volume of 21,635,062. The company has a market capitalization of $3.73 trillion, a PE ratio of 38.76, a P/E/G ratio of 2.25 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The business has a 50 day simple moving average of $467.76 and a 200 day simple moving average of $424.96. Microsoft Corporation has a one year low of $344.79 and a one year high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The firm's revenue was up 13.3% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

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.