Microsoft Co. (NASDAQ:MSFT) Stock Holdings Raised by Glenview Trust co

Glenview Trust co lifted its position in Microsoft Co. (NASDAQ:MSFT) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 455,268 shares of the software giant’s stock after purchasing an additional 10,082 shares during the quarter. Microsoft accounts for about 3.6% of Glenview Trust co’s holdings, making the stock its 3rd largest holding. Glenview Trust co’s holdings in Microsoft were worth $191,895,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. grew its position in Microsoft by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant’s stock worth $20,675,715,000 after acquiring an additional 1,823,579 shares during the last quarter. Franklin Resources Inc. increased its stake in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after purchasing an additional 406,940 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Microsoft by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant’s stock valued at $11,898,314,000 after purchasing an additional 324,052 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,743 shares of company stock worth $58,375,673. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $454.86 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $401.04 and its 200 day moving average is $413.59. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a market capitalization of $3.38 trillion, a P/E ratio of 36.62, a PEG ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.94 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. Microsoft’s payout ratio is 25.66%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSFT. Barclays raised their target price on shares of Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Thursday. DA Davidson increased their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Raymond James boosted their price target on Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $513.13.

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.