Private Trust Co. NA Has $32.23 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Private Trust Co. NA lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,469 shares of the software giant’s stock after selling 2,434 shares during the period. Microsoft comprises about 3.3% of Private Trust Co. NA’s portfolio, making the stock its 2nd biggest position. Private Trust Co. NA’s holdings in Microsoft were worth $32,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. WFA Asset Management Corp lifted its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its holdings in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its position in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Swedbank AB grew its stake in shares of Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC raised its stake in Microsoft by 1.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock worth $3,334,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $436.17 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market capitalization of $3.24 trillion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The stock’s 50-day simple moving average is $385.66 and its 200 day simple moving average is $411.17.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $2.94 earnings per share. Research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MSFT shares. DA Davidson raised their price objective on Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. BMO Capital Markets upped their target price on shares of Microsoft from $470.00 to $485.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Barclays raised their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, UBS Group lowered their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $507.77.

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.