Microsoft Corporation (NASDAQ:MSFT) is Canandaigua National Bank & Trust Co.'s 5th Largest Position

Canandaigua National Bank & Trust Co. decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 83,379 shares of the software giant's stock after selling 1,292 shares during the period. Microsoft accounts for about 3.1% of Canandaigua National Bank & Trust Co.'s portfolio, making the stock its 5th largest holding. Canandaigua National Bank & Trust Co.'s holdings in Microsoft were worth $31,300,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $31,000. Newton One Investments LLC raised 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 buying an additional 30 shares in the last quarter. LSV Asset Management acquired a new position in Microsoft during the 4th quarter worth approximately $44,000. Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter worth approximately $62,000. Finally, IFS Advisors LLC increased its position in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald upped their price objective on shares of Microsoft from $581.00 to $639.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Oppenheimer upped their price objective on shares of Microsoft from $600.00 to $630.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Evercore ISI upped their price objective on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Scotiabank upped their price objective on shares of Microsoft from $500.00 to $650.00 and gave the stock a "sector outperform" rating in a research report on Thursday, July 31st. Finally, Wedbush upped their price objective on shares of Microsoft from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Stock Performance

MSFT traded down $2.31 during trading 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 quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.87 trillion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The stock's fifty day moving average is $502.60 and its 200 day moving average is $441.02.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results 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 net margin of 36.15% and a return on equity of 32.44%. The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business earned $2.95 earnings per share. As a group, equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insider Activity

In related news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,350 shares of company stock worth $21,493,447. 0.03% of the stock is owned by company insiders.

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.