Thomasville National Bank Has $67.37 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Thomasville National Bank trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 179,160 shares of the software giant’s stock after selling 2,823 shares during the quarter. Microsoft accounts for approximately 6.0% of Thomasville National Bank’s portfolio, making the stock its largest position. Thomasville National Bank’s holdings in Microsoft were worth $67,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Moneta Group Investment Advisors LLC lifted its holdings in shares of Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after acquiring an additional 150,053,637 shares during the period. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter worth about $20,700,525,000. Aaron Wealth Advisors LLC increased its position in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Morgan Stanley increased its position in shares of Microsoft by 14.0% during the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock worth $28,638,815,000 after purchasing an additional 14,652,150 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Microsoft by 348.6% during the 2nd quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock worth $894,426,000 after purchasing an additional 9,324,182 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $421.43 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $409.64 and its two-hundred day moving average price is $373.65. Microsoft Co. has a 1 year low of $272.05 and a 1 year high of $430.82. The firm has a market capitalization of $3.13 trillion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period in the prior year, the firm posted $2.32 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Co. will post 11.63 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the transaction, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James increased their target price on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. BMO Capital Markets raised their price objective on shares of Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. KeyCorp began coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Wedbush raised their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $423.34.

Read Our Latest Report on Microsoft

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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