Somerset Trust Co increased its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 33,991 shares of the software giant’s stock after purchasing an additional 1,284 shares during the period. Microsoft accounts for 4.5% of Somerset Trust Co’s investment portfolio, making the stock its biggest position. Somerset Trust Co’s holdings in Microsoft were worth $12,760,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC lifted its stake in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. grew its holdings in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares during the period. 1900 Wealth Management LLC increased its stake in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. increased its stake in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its position in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after acquiring an additional 1,043 shares during the period. 71.13% of the stock is currently owned by institutional investors.
Insider Transactions at Microsoft
In related news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last quarter. Corporate insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on MSFT
Microsoft Price Performance
MSFT opened at $492.27 on Thursday. The company’s 50 day simple moving average is $444.31 and its 200-day simple moving average is $421.40. Microsoft Corporation has a one year low of $344.79 and a one year high of $494.56. The stock has a market capitalization of $3.66 trillion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 earnings per share. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.
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.
Featured Articles
- Five stocks we like better than Microsoft
- What is diluted earnings per share (Diluted EPS)?
- Top 3 Bank Stocks to Watch as Fed Rate Cuts Loom
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Uber and Tesla Surge on Robotaxis, Analyst Touts Texas Rides
- ESG Stocks, What Investors Should Know
- ASML Keeps Buying Back Its Own Stock—Chasing Discount and Upside
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.