UMB Bank n.a. Has $224.18 Million Stake in Microsoft Co. (NASDAQ:MSFT)

UMB Bank n.a. grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 596,150 shares of the software giant’s stock after buying an additional 567 shares during the quarter. Microsoft makes up about 3.3% of UMB Bank n.a.’s investment portfolio, making the stock its 5th biggest position. UMB Bank n.a.’s holdings in Microsoft were worth $224,176,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Sicart Associates LLC boosted its holdings in shares of Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after acquiring an additional 26 shares during the period. Mayfair Advisory Group LLC boosted its stake in Microsoft by 0.7% in the 4th quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after purchasing an additional 27 shares during the period. O Connor Financial Group LLC grew its holdings in Microsoft by 1.4% during the 3rd quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after buying an additional 31 shares in the last quarter. Navis Wealth Advisors LLC increased its position in shares of Microsoft by 2.1% during the third quarter. Navis Wealth Advisors LLC now owns 1,507 shares of the software giant’s stock valued at $476,000 after buying an additional 31 shares during the period. Finally, Kaizen Financial Strategies lifted its holdings in shares of Microsoft by 0.4% in the fourth quarter. Kaizen Financial Strategies now owns 7,807 shares of the software giant’s stock worth $2,936,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $455.00 target price on shares of Microsoft in a report on Thursday, January 25th. Royal Bank of Canada increased their price objective on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Barclays upped their price objective on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, UBS Group reiterated a “buy” rating and set a $480.00 target price on shares of Microsoft in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $434.05.

Microsoft Stock Up 1.6 %

Shares of NASDAQ:MSFT opened at $407.57 on Wednesday. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The stock’s 50-day moving average is $414.60 and its 200 day moving average is $386.93. The company has a market cap of $3.03 trillion, a PE ratio of 36.85, a P/E/G ratio of 2.16 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its 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. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same period in the previous year, the firm earned $2.32 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is 27.12%.

Insider Activity

In related news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company Profile

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.