M&T Bank Corp Has $996.12 Million Stake in Microsoft Co. (NASDAQ:MSFT)

M&T Bank Corp decreased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,363,269 shares of the software giant's stock after selling 28,231 shares during the quarter. Microsoft makes up 3.3% of M&T Bank Corp's holdings, making the stock its 4th largest holding. M&T Bank Corp's holdings in Microsoft were worth $996,118,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC boosted its position in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management increased its holdings in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at $141,000. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MSFT. TD Securities raised their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. BMO Capital Markets boosted their price objective on Microsoft from $470.00 to $485.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Tigress Financial raised their target price on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Royal Bank of Canada boosted their target price on shares of Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price target on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $507.77.

Microsoft Stock Down 0.0%

MSFT traded down $0.12 during trading on Tuesday, reaching $449.14. The company had a trading volume of 22,927,936 shares, compared to its average volume of 21,468,471. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $3.34 trillion, a P/E ratio of 36.16, a PEG ratio of 2.21 and a beta of 0.99. The business's fifty day moving average price is $390.16 and its 200 day moving average price is $411.71. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

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

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft's payout ratio is 25.66%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

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.