Pioneer Trust Bank N A OR Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jun 3rd, 2023

Pioneer Trust Bank N A OR lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,462 shares of the software giant’s stock after purchasing an additional 987 shares during the quarter. Microsoft comprises about 5.9% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 2nd largest holding. Pioneer Trust Bank N A OR’s holdings in Microsoft were worth $19,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Iron Horse Wealth Management LLC bought a new stake in Microsoft during the fourth quarter worth approximately $26,000. Monumental Financial Group Inc. bought a new stake in Microsoft in the first quarter worth about $28,000. Hanseatic Management Services Inc. raised its position in Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after acquiring an additional 55 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in Microsoft in the fourth quarter worth about $40,000. Finally, PayPay Securities Corp bought a new stake in Microsoft in the fourth quarter worth about $54,000. 69.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MSFT. Morgan Stanley upped their price target on Microsoft from $307.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Credit Suisse Group upped their price target on Microsoft from $350.00 to $420.00 in a report on Wednesday. Mizuho boosted their price objective on Microsoft from $325.00 to $340.00 in a report on Wednesday, May 24th. The Goldman Sachs Group boosted their price objective on Microsoft from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, UBS Group lifted their target price on Microsoft from $275.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $330.72.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total value of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at approximately $28,305,363.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at approximately $28,305,363.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares in the company, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold a total of 50,081 shares of company stock valued at $15,448,816 in the last 90 days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

Microsoft stock opened at $335.40 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $337.50. The company has a market cap of $2.49 trillion, a PE ratio of 36.34, a PEG ratio of 2.92 and a beta of 0.93. The company’s 50-day moving average is $302.01 and its two-hundred day moving average is $267.91.

Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. During the same period in the prior year, the company posted $2.22 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 9.66 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is currently 29.47%.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.