Microsoft Co. (NASDAQ:MSFT) Stock Position Increased by Riverview Trust Co

Riverview Trust Co lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,988 shares of the software giant’s stock after acquiring an additional 101 shares during the quarter. Microsoft accounts for about 5.4% of Riverview Trust Co’s investment portfolio, making the stock its 3rd largest holding. Riverview Trust Co’s holdings in Microsoft were worth $5,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after purchasing an additional 5,762,902 shares during the last quarter. Barclays PLC raised its position in Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after acquiring an additional 2,456,190 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Microsoft during the 4th quarter worth $9,625,201,000. California Public Employees Retirement System grew its position in shares of Microsoft by 9.2% during the 3rd quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock valued at $6,749,275,000 after acquiring an additional 1,796,956 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Microsoft by 0.8% in the 3rd quarter. Raymond James & Associates now owns 10,671,615 shares of the software giant’s stock worth $3,369,562,000 after purchasing an additional 88,583 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent research reports. Raymond James reissued an “outperform” rating and set a $480.00 price target (up previously from $450.00) on shares of Microsoft in a report on Friday. Citigroup cut their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday. Sanford C. Bernstein upped their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $452.61.

Microsoft Trading Up 1.8 %

Shares of MSFT stock opened at $406.32 on Monday. The company has a market cap of $3.02 trillion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1 year low of $295.25 and a 1 year high of $430.82. The stock’s 50 day simple moving average is $414.48 and its two-hundred day simple moving average is $388.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 EPS. Research analysts predict that Microsoft Co. will post 11.71 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is presently 25.97%.

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.