Microsoft Co. (NASDAQ:MSFT) Stake Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,244,759 shares of the software giant's stock after selling 191,310 shares during the quarter. Microsoft makes up 2.6% of PNC Financial Services Group Inc.'s holdings, making the stock its 4th largest holding. PNC Financial Services Group Inc. owned about 0.12% of Microsoft worth $3,896,666,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its position in shares of Microsoft by 34,643.3% during the 4th 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. Assenagon Asset Management S.A. grew its position in shares of Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Benchmark reissued a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Piper Sandler restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, BMO Capital Markets upped their price objective on Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $507.77.

Microsoft Stock Performance

MSFT stock traded up $3.80 during trading on Wednesday, hitting $452.94. 19,864,490 shares of the company traded hands, compared to its average volume of 21,511,825. The stock's 50-day simple moving average is $391.20 and its 200 day simple moving average is $411.86. 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 $3.37 trillion, a PE ratio of 36.47, a P/E/G 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 announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The company 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 quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business earned $2.94 earnings per share. On average, equities analysts expect that Microsoft Co. will post 13.08 earnings per share 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 issued 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 currently 25.66%.

Insider Buying and Selling at Microsoft

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

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.