Microsoft Co. (NASDAQ:MSFT) Shares Bought by Capital City Trust Co. FL

Capital City Trust Co. FL boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,945 shares of the software giant’s stock after acquiring an additional 183 shares during the period. Microsoft comprises 5.5% of Capital City Trust Co. FL’s portfolio, making the stock its 3rd largest holding. Capital City Trust Co. FL’s holdings in Microsoft were worth $18,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. DGS Capital Management LLC raised its position in Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd raised its position in Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC raised its position in Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after acquiring an additional 152 shares during the last quarter. Powell Investment Advisors LLC raised its position in Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after acquiring an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after acquiring an additional 512 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. UBS Group reiterated a “buy” rating and set a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. Royal Bank of Canada lifted their price target on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a report on Thursday, January 18th. Finally, Barclays lifted their price target on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $430.52.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. 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. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 2.0 %

NASDAQ MSFT opened at $413.64 on Tuesday. The company’s fifty day simple moving average is $415.35 and its 200-day simple moving average is $383.26. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. 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 stock has a market cap of $3.07 trillion, a P/E ratio of 37.40, a PEG ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.32 earnings per share. Equities research analysts predict that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft’s dividend payout ratio is presently 27.12%.

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.