Microsoft Co. (NASDAQ:MSFT) is Atlantic Union Bankshares Corp's 4th Largest Position

Atlantic Union Bankshares Corp cut its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,819 shares of the software giant's stock after selling 952 shares during the quarter. Microsoft makes up about 3.3% of Atlantic Union Bankshares Corp's investment portfolio, making the stock its 4th largest position. Atlantic Union Bankshares Corp's holdings in Microsoft were worth $57,669,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Adamsbrown Wealth Consultants LLC raised its holdings in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. raised its holdings in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. Centric Wealth Management raised its holdings in Microsoft by 0.7% in the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after purchasing an additional 112 shares in the last quarter. 1900 Wealth Management LLC increased its holdings in shares of Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Microsoft by 2.4% during the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after acquiring an additional 217,509 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.3%

Shares of MSFT traded up $1.14 during midday trading on Friday, reaching $454.27. The company had a trading volume of 23,797,504 shares, compared to its average volume of 21,563,395. The firm has a 50 day simple moving average of $395.33 and a 200-day simple moving average of $412.34. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.38 trillion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. 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 issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $2.94 EPS. Research analysts forecast 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. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Morgan Stanley upped their price objective on shares of Microsoft from $472.00 to $482.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. StockNews.com upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a report on Monday, May 5th. UBS Group cut their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $510.30.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated 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 directly owns 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,243 shares of company stock valued at $41,288,738. 0.03% of the stock is currently 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.