American National Bank of Texas Buys New Position in Microsoft Corporation $MSFT

American National Bank of Texas purchased a new position in Microsoft Corporation (NASDAQ:MSFT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,525 shares of the software giant’s stock, valued at approximately $2,344,000. Microsoft accounts for 2.2% of American National Bank of Texas’ portfolio, making the stock its 15th biggest holding.

Other large investors also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC lifted its holdings in Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after buying an additional 20 shares in the last quarter. Bulwark Capital Corp purchased a new stake in shares of Microsoft during the second quarter worth about $32,000. Westend Capital Management LLC increased its position in shares of Microsoft by 386.7% during the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. LSV Asset Management acquired a new position in shares of Microsoft in the fourth quarter worth about $44,000. Finally, University of Illinois Foundation purchased a new position in Microsoft in the second quarter valued at about $50,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CEO Judson Althoff sold 12,750 shares of the company’s stock in a transaction that occurred 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 directly owned 129,349 shares of the company’s stock, valued at approximately $63,577,620.48. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 2,850 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $478.72, for a total value of $1,364,352.00. Following the sale, the executive vice president owned 55,782 shares in the company, valued at $26,703,959.04. The trade was a 4.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,100 shares of company stock worth $27,598,872 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a $675.00 price objective on shares of Microsoft in a report on Wednesday, December 3rd. Robert W. Baird began coverage on shares of Microsoft in a research report on Friday, November 14th. They set an “outperform” rating and a $600.00 price target for the company. BMO Capital Markets dropped their price target on shares of Microsoft from $650.00 to $625.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Melius Research upped their price target on shares of Microsoft from $595.00 to $625.00 in a report on Thursday, September 25th. Finally, Evercore ISI set a $640.00 price objective on shares of Microsoft in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.03.

Microsoft Stock Performance

Microsoft stock opened at $476.12 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a fifty day moving average price of $501.05 and a two-hundred day moving average price of $502.70. The company has a market cap of $3.54 trillion, a PE ratio of 33.86, a P/E/G ratio of 1.79 and a beta of 1.07.

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

Microsoft Dividend Announcement

The business 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft’s payout ratio is presently 25.89%.

About Microsoft

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.