Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Glenview Trust co

Glenview Trust co raised its stake in Microsoft Co. (NASDAQ:MSFT) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 455,268 shares of the software giant’s stock after purchasing an additional 10,082 shares during the quarter. Microsoft accounts for about 3.6% of Glenview Trust co’s portfolio, making the stock its 3rd biggest position. Glenview Trust co’s holdings in Microsoft were worth $191,895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC grew its holdings in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management increased its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the third quarter worth $62,000. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter worth $62,000. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president now directly owns 134,888 shares of the company’s stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,743 shares of company stock valued at $58,375,673. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. Scotiabank raised their target price on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 1st. Tigress Financial raised their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Piper Sandler reaffirmed an “overweight” rating on shares of Microsoft in a research report on Wednesday. Citigroup increased their target price on shares of Microsoft from $480.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $513.13.

Microsoft Trading Up 0.5%

Shares of MSFT opened at $454.86 on Friday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The stock has a market cap of $3.38 trillion, a PE ratio of 36.62, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $401.04 and its 200-day moving average price is $413.59.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. 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 0.73%. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

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.