Trust Co. of Oklahoma decreased its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,936 shares of the software giant’s stock after selling 1,589 shares during the quarter. Microsoft accounts for approximately 4.1% of Trust Co. of Oklahoma’s holdings, making the stock its 5th biggest position. Trust Co. of Oklahoma’s holdings in Microsoft were worth $11,216,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its position in Microsoft by 112,158.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the period. Norges Bank purchased a new position in Microsoft in the fourth quarter worth about $20,700,525,000. Aaron Wealth Advisors LLC boosted its position in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Providence Capital Advisors LLC boosted its position in Microsoft by 29,789.2% in the first quarter. Providence Capital Advisors LLC now owns 16,570,893 shares of the software giant’s stock worth $57,477,000 after purchasing an additional 16,515,452 shares during the last quarter. Finally, Morgan Stanley boosted its position in Microsoft by 14.0% in the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock worth $28,638,815,000 after purchasing an additional 14,652,150 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Microsoft from $398.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays upped their price target on Microsoft from $336.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 19th. Rosenblatt Securities upped their price target on Microsoft from $310.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $385.00 price target on shares of Microsoft in a research report on Friday. Finally, HSBC initiated coverage on shares of Microsoft in a research report on Friday, September 15th. They issued a “hold” rating and a $347.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $375.03.
Microsoft Stock Performance
NASDAQ MSFT opened at $317.01 on Friday. The company has a market cap of $2.36 trillion, a P/E ratio of 32.72, a P/E/G ratio of 2.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The business’s 50 day moving average price is $330.61 and its 200-day moving average price is $315.53. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The firm had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. During the same period in the previous year, the company earned $2.23 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 10.9 earnings per share for the current year.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.95%. Microsoft’s payout ratio is currently 28.07%.
Insider Buying and Selling
In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the sale, the insider now directly owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The disclosure for this sale can be found here. In the last three months, insiders sold 115,049 shares of company stock valued at $38,195,619. Insiders own 0.03% of the company’s stock.
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.
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