Trust Co of Kansas Has $6.25 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Trust Co of Kansas lowered its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 17.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,824 shares of the software giant’s stock after selling 5,803 shares during the period. Microsoft makes up 4.2% of Trust Co of Kansas’ holdings, making the stock its 11th biggest holding. Trust Co of Kansas’ holdings in Microsoft were worth $6,247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after buying an additional 38 shares during the period. Financial Advisors Network Inc. lifted its holdings in Microsoft by 1.1% in the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after acquiring an additional 39 shares during the period. Donoghue Forlines LLC boosted its position in shares of Microsoft by 1.6% during the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after purchasing an additional 40 shares in the last quarter. Rovin Capital UT ADV grew its stake in shares of Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after purchasing an additional 40 shares during the period. Finally, Fountainhead AM LLC grew its stake in shares of Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSFT. Guggenheim downgraded shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective on the stock. in a report on Tuesday, January 17th. Cowen lowered their price target on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, January 19th. Wolfe Research reduced their price objective on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Oppenheimer upped their target price on Microsoft from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Finally, Royal Bank of Canada set a $285.00 price target on Microsoft in a research report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $285.58.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the sale, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $269.38, for a total value of $269,380.00. Following the transaction, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $265.44 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $250.14 and a 200-day moving average of $245.23. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The firm had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same quarter in the previous year, the business posted $2.48 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.02%. Microsoft’s dividend payout ratio (DPR) is 30.22%.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.