New Covenant Trust Company N.A. Trims Stock Holdings in Microsoft Corporation $MSFT

New Covenant Trust Company N.A. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,188 shares of the software giant’s stock after selling 197 shares during the period. Microsoft comprises about 3.6% of New Covenant Trust Company N.A.’s portfolio, making the stock its 5th biggest position. New Covenant Trust Company N.A.’s holdings in Microsoft were worth $4,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brady Martz Wealth Solutions LLC grew its position in Microsoft by 1.4% during the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock worth $2,496,000 after acquiring an additional 95 shares during the last quarter. Real Talk Capital LLC grew its position in Microsoft by 1.6% during the 1st quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock worth $860,000 after acquiring an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in Microsoft by 3.8% during the 2nd quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock worth $457,119,000 after acquiring an additional 33,382 shares during the last quarter. Modern Wealth Management LLC grew its position in Microsoft by 39.3% during the 1st quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock worth $54,376,000 after acquiring an additional 40,860 shares during the last quarter. Finally, Well Done LLC lifted its holdings in Microsoft by 8.9% during the 2nd quarter. Well Done LLC now owns 9,911 shares of the software giant’s stock worth $4,930,000 after buying an additional 814 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several recent research reports. Raymond James Financial lifted their target price on Microsoft from $490.00 to $570.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Arete lifted their target price on Microsoft from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $640.00 target price on shares of Microsoft in a report on Friday, October 3rd. Jefferies Financial Group lifted their target price on Microsoft from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $618.47.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 149,205 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total value of $75,315,699.90. Following the completion of the sale, the chief executive officer directly owned 790,852 shares of the company’s stock, valued at approximately $399,206,272.56. This trade represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Down 0.4%

MSFT stock opened at $511.61 on Friday. The stock’s 50 day simple moving average is $511.99 and its 200 day simple moving average is $474.73. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $3.80 trillion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%.The business had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same period in the prior year, the business earned $2.95 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Microsoft has set its Q1 2026 guidance at EPS. On average, research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a dividend of $0.91 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.

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.