Trust Co. of Toledo NA OH Acquires 961 Shares of Microsoft Corporation (NASDAQ:MSFT)

Trust Co. of Toledo NA OH boosted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,144 shares of the software giant's stock after purchasing an additional 961 shares during the quarter. Microsoft comprises about 7.6% of Trust Co. of Toledo NA OH's investment portfolio, making the stock its 2nd largest holding. Trust Co. of Toledo NA OH's holdings in Microsoft were worth $57,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Microsoft in the fourth quarter valued at about $44,343,058,000. GAMMA Investing LLC boosted its position in shares of Microsoft by 40,290.4% during the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after buying an additional 16,788,816 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after buying an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after buying an additional 10,431,988 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. DA Davidson increased their price objective on Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Mizuho increased their price target on Microsoft from $500.00 to $540.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Oppenheimer raised Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a research report on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $544.07.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded down $2.64 during trading hours on Tuesday, reaching $507.42. 6,143,242 shares of the stock were exchanged, compared to its average volume of 21,527,313. The firm has a market capitalization of $3.77 trillion, a price-to-earnings ratio of 39.19, a P/E/G ratio of 2.32 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 Corporation has a 52 week low of $344.79 and a 52 week high of $514.64. The stock's fifty day simple moving average is $477.78 and its 200 day simple moving average is $428.61.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its 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 company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 earnings per share. Sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

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.