AMG National Trust Bank raised its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 72,174 shares of the software giant’s stock after acquiring an additional 729 shares during the period. Microsoft comprises 0.8% of AMG National Trust Bank’s portfolio, making the stock its 29th biggest position. AMG National Trust Bank’s holdings in Microsoft were worth $27,093,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of MSFT. Vanguard Group Inc. raised its stake in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Geode Capital Management LLC increased its position in Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock worth $70,720,874,000 after buying an additional 3,103,212 shares during the period. Norges Bank bought a new position in Microsoft during the 4th quarter worth $44,343,058,000. Northern Trust Corp grew its holdings in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Microsoft by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock worth $25,273,704,000 after purchasing an additional 5,370,546 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.
Microsoft Trading Down 0.6%
NASDAQ MSFT opened at $506.69 on Monday. The stock has a 50-day moving average of $508.77 and a 200-day moving average of $447.85. The firm has a market cap of $3.77 trillion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 2.21 and a beta of 1.04. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.7%. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Loop Capital raised their price objective on Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Piper Sandler increased their target price on Microsoft from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Wedbush raised their target price on Microsoft from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Jefferies Financial Group raised their price objective on Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald lifted their target price on Microsoft from $581.00 to $639.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $612.54.
View Our Latest Research Report on MSFT
Insider Buying and Selling at Microsoft
In other news, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.
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.
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