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

Trust Co. of Oklahoma decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,173 shares of the software giant's stock after selling 3,121 shares during the quarter. Microsoft makes up 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new stake in Microsoft in the 4th quarter valued at $31,000. Fiduciary Advisors Inc. bought a new stake in Microsoft in the 4th quarter valued at $38,000. LSV Asset Management bought a new stake in Microsoft in the 4th quarter valued at $44,000. IFS Advisors LLC increased its holdings in Microsoft by 50.0% in the 1st 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 last quarter. Finally, Fairway Wealth LLC bought a new stake in Microsoft in the 4th quarter valued at $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT opened at $501.48 on Friday. The company has a 50 day moving average price of $469.28 and a 200-day moving average price of $425.41. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $506.78. The stock has a market capitalization of $3.73 trillion, a PE ratio of 38.75, a PEG ratio of 2.28 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company earned $2.94 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's payout ratio is presently 25.66%.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider directly owned 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% 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. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MSFT shares. Wells Fargo & Company boosted their target price on shares of Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Mizuho boosted their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Finally, Scotiabank upped their price target on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $534.14.

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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.