Microsoft Corporation (NASDAQ:MSFT) Position Decreased by Trust Co. of Oklahoma

Trust Co. of Oklahoma lowered its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,173 shares of the software giant's stock after selling 3,121 shares during the quarter. Microsoft accounts for 3.3% of Trust Co. of Oklahoma's holdings, making the stock its 7th largest holding. Trust Co. of Oklahoma's holdings in Microsoft were worth $9,450,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MSFT. WFA Asset Management Corp grew its stake in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC grew its stake in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. grew its stake in Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after purchasing an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick acquired a new position in Microsoft during the 4th quarter worth $1,375,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSFT has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. TD Securities upped their price objective on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. UBS Group reaffirmed a "positive" rating on shares of Microsoft in a research report on Monday, June 30th. JPMorgan Chase & Co. upped their price objective on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Mizuho upped their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $534.14.

Microsoft Stock Performance

NASDAQ MSFT traded up $1.84 on Friday, hitting $503.32. 16,454,184 shares of the company's stock were exchanged, compared to its average volume of 21,657,924. 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's 50-day moving average price is $469.28 and its two-hundred day moving average price is $425.41. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $506.78. The firm has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 2.28 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.94 EPS. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Amy Coleman sold 13,243 shares of the company'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 sale, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over 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.