First National Bank of Mount Dora Trust Investment Services Buys 167 Shares of Microsoft Co. (NASDAQ:MSFT)

First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,191 shares of the software giant’s stock after purchasing an additional 167 shares during the period. Microsoft accounts for 2.8% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 3rd largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Microsoft were worth $8,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ICICI Prudential Asset Management Co Ltd lifted its position in Microsoft by 199.7% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after purchasing an additional 71,769 shares during the period. Seascape Capital Management lifted its position in Microsoft by 41.9% in the third quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after purchasing an additional 858 shares during the period. Verity & Verity LLC lifted its position in Microsoft by 6.4% in the second quarter. Verity & Verity LLC now owns 67,872 shares of the software giant’s stock worth $17,432,000 after purchasing an additional 4,081 shares during the period. BlackDiamond Wealth Management Inc. lifted its position in Microsoft by 9.2% in the third quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock worth $1,943,000 after purchasing an additional 650 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in Microsoft by 1.4% in the third quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock worth $649,670,000 after purchasing an additional 37,545 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $279.43 on Friday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. 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 stock has a market cap of $2.08 trillion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.44 and a beta of 0.92. The stock’s 50-day moving average price is $252.31 and its two-hundred day moving average price is $245.43.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The business had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. During the same quarter in the previous year, the business posted $2.48 EPS. Microsoft’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts predict that Microsoft Co. will post 9.34 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSFT. Fundamental Research cut their price objective on Microsoft from $269.73 to $259.47 and set a “buy” rating for the company in a report on Thursday, February 2nd. JPMorgan Chase & Co. set a $305.00 price objective on Microsoft and gave the company an “overweight” rating in a report on Wednesday, February 8th. Rosenblatt Securities cut their price objective on Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, January 26th. Jefferies Financial Group set a $310.00 price objective on Microsoft in a report on Monday, February 27th. Finally, Evercore ISI cut their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $286.05.

Insider Activity

In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares in the company, valued at approximately $31,687,699.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock worth $1,728,111 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company Profile

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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.