Atlantic Union Bankshares Corp Sells 952 Shares of Microsoft Co. (NASDAQ:MSFT)

Atlantic Union Bankshares Corp lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 136,819 shares of the software giant's stock after selling 952 shares during the quarter. Microsoft accounts for about 3.3% of Atlantic Union Bankshares Corp's portfolio, making the stock its 4th biggest holding. Atlantic Union Bankshares Corp's holdings in Microsoft were worth $57,669,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Permanent Capital Management LP acquired a new stake in Microsoft during the 4th quarter worth $27,620,000. Dorsey & Whitney Trust CO LLC boosted its stake in Microsoft by 5.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 176,857 shares of the software giant's stock worth $74,545,000 after purchasing an additional 8,823 shares during the last quarter. Naviter Wealth LLC boosted its stake in Microsoft by 26.4% during the 4th quarter. Naviter Wealth LLC now owns 57,290 shares of the software giant's stock worth $24,148,000 after purchasing an additional 11,954 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in Microsoft during the 4th quarter worth $4,400,000. Finally, Lifeworks Advisors LLC boosted its stake in Microsoft by 9.5% during the 4th quarter. Lifeworks Advisors LLC now owns 18,820 shares of the software giant's stock worth $7,933,000 after purchasing an additional 1,627 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MSFT shares. The Goldman Sachs Group lifted their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. TD Securities boosted their price target on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald boosted their price target on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Citigroup boosted their price target on shares of Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus target price of $509.16.

Microsoft Stock Performance

Shares of Microsoft stock traded up $0.19 during trading hours on Thursday, hitting $453.13. 21,913,513 shares of the company were exchanged, compared to its average volume of 21,510,806. The business has a 50-day moving average of $392.40 and a 200-day moving average of $412.14. The stock has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 earnings per share. As a group, analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

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.