Citizens National Bank Trust Department Buys 167 Shares of Microsoft Co. (NASDAQ:MSFT)

Citizens National Bank Trust Department grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,723 shares of the software giant’s stock after purchasing an additional 167 shares during the quarter. Microsoft makes up about 3.3% of Citizens National Bank Trust Department’s portfolio, making the stock its 4th biggest holding. Citizens National Bank Trust Department’s holdings in Microsoft were worth $13,057,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sicart Associates LLC boosted its stake in shares of Microsoft by 2.9% during the 4th 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 last quarter. Capital Wealth Management LLC grew its holdings in Microsoft by 1.7% during the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after purchasing an additional 26 shares during the period. Mayfair Advisory Group LLC increased its position in Microsoft by 0.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after buying an additional 27 shares in the last quarter. Triton Wealth Management PLLC raised its stake in shares of Microsoft by 0.5% in the fourth quarter. Triton Wealth Management PLLC now owns 5,864 shares of the software giant’s stock worth $2,167,000 after buying an additional 28 shares during the period. Finally, O Connor Financial Group LLC lifted its position in shares of 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. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Macquarie raised their target price on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and set a $480.00 price target (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

Insider Activity

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related 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 completion of the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The stock was 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 in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.4 %

NASDAQ:MSFT opened at $412.32 on Friday. Microsoft Co. has a fifty-two week low of $306.26 and a fifty-two week high of $430.82. The company’s 50-day simple moving average is $413.90 and its 200-day simple moving average is $392.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a market capitalization of $3.06 trillion, a P/E ratio of 35.70, a P/E/G ratio of 2.15 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.45 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s payout ratio is 25.97%.

Microsoft 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.