Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Raised by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH increased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 152,144 shares of the software giant's stock after purchasing an additional 961 shares during the quarter. Microsoft makes up 7.6% of Trust Co. of Toledo NA OH's holdings, making the stock its 2nd largest position. Trust Co. of Toledo NA OH's holdings in Microsoft were worth $57,113,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at $38,000. LSV Asset Management acquired a new stake in Microsoft in the 4th quarter valued at $44,000. Fairway Wealth LLC acquired a new stake in Microsoft in the 4th quarter valued at $62,000. Finally, IFS Advisors LLC lifted its stake in Microsoft by 50.0% during 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 in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 0.1%

Microsoft stock traded up $0.60 during trading hours on Wednesday, hitting $505.87. 16,378,636 shares of the stock traded hands, compared to its average volume of 21,593,527. The firm's 50-day moving average price is $481.17 and its two-hundred day moving average price is $430.27. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.76 trillion, a PE ratio of 39.09, a PEG ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a one year low of $344.79 and a one year high of $514.64.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $68.54 billion. During the same period last year, the business earned $2.94 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. On average, research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Activity at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were 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 owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the firm's 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. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group upped their price objective on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Securities increased their price objective on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wedbush upped their target price on Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Cantor Fitzgerald restated an "overweight" rating and issued a $581.00 target price (up from $512.00) on shares of Microsoft in a research note on Wednesday, July 16th. Finally, KeyCorp restated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $548.36.

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.