Microsoft Co. (NASDAQ:MSFT) Shares Bought by Capital City Trust Co. FL

Capital City Trust Co. FL grew its stake in Microsoft Co. (NASDAQ:MSFT) by 0.4% during the third quarter, HoldingsChannel reports. The firm owned 47,824 shares of the software giant’s stock after purchasing an additional 189 shares during the quarter. Microsoft comprises approximately 5.1% of Capital City Trust Co. FL’s portfolio, making the stock its 3rd biggest holding. Capital City Trust Co. FL’s holdings in Microsoft were worth $20,579,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc raised its position in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft during the second quarter worth about $45,000. Innealta Capital LLC purchased a new position in Microsoft during the second quarter worth about $75,000. Carolina Wealth Advisors LLC lifted its position in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the period. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft in the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $446.71 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.32 trillion, a P/E ratio of 36.86, a PEG ratio of 2.28 and a beta of 0.90. The stock has a fifty day moving average price of $430.07 and a 200 day moving average price of $425.55. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.99 EPS. Equities research analysts anticipate that Microsoft Co. will post 12.91 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. Microsoft’s payout ratio is currently 27.39%.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. TD Cowen reduced their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Citigroup decreased their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, BMO Capital Markets reduced their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $512.66.

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.