Microsoft Corporation $MSFT Stock Position Raised by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its holdings in Microsoft Corporation (NASDAQ:MSFT) by 141.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 325,882 shares of the software giant’s stock after purchasing an additional 190,930 shares during the period. Microsoft comprises approximately 3.7% of Atlantic Union Bankshares Corp’s holdings, making the stock its 3rd largest holding. Atlantic Union Bankshares Corp’s holdings in Microsoft were worth $162,097,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Microsoft by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock valued at $259,539,471,000 after purchasing an additional 7,314,509 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in Microsoft by 564,387.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock valued at $45,040,162,000 after buying an additional 90,533,328 shares during the last quarter. Northern Trust Corp increased its holdings in Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Microsoft by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 62,267,822 shares of the software giant’s stock valued at $23,374,718,000 after buying an additional 2,306,485 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 buying an additional 5,370,546 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Down 2.3%

Shares of NASDAQ:MSFT opened at $478.54 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $508.38 and its 200 day moving average price is $500.92. The company has a market cap of $3.56 trillion, a PE ratio of 34.04, a P/E/G ratio of 1.82 and a beta of 1.07. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, beating the consensus estimate of $3.65 by $0.48. The company had revenue of $77.67 billion for the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. Microsoft’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.30 earnings per share. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 annualized dividend and a yield of 0.8%. Microsoft’s payout ratio is presently 25.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating on shares of Microsoft in a report on Thursday, October 30th. Rothschild Redb downgraded shares of Microsoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Wedbush reiterated an “outperform” rating and set a $625.00 target price on shares of Microsoft in a research note on Wednesday, October 22nd. Baird R W upgraded shares of Microsoft to a “strong-buy” rating in a research report on Friday, November 14th. Finally, Cowen reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $634.33.

Insiders Place Their Bets

In other Microsoft news, CEO Judson Althoff sold 12,750 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the completion of the transaction, the chief executive officer owned 129,349 shares in the company, valued at approximately $63,577,620.48. The trade was a 8.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total value of $19,967,640.00. Following the transaction, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. This trade represents a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.03% of the company’s stock.

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.