CoreFirst Bank & Trust Sells 662 Shares of Microsoft Co. (NASDAQ:MSFT)

CoreFirst Bank & Trust lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,146 shares of the software giant’s stock after selling 662 shares during the period. Microsoft makes up 2.5% of CoreFirst Bank & Trust’s investment portfolio, making the stock its 6th biggest holding. CoreFirst Bank & Trust’s holdings in Microsoft were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in Microsoft by 9.2% during the third quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock worth $6,749,275,000 after purchasing an additional 1,796,956 shares during the last quarter. Forbes J M & Co. LLP increased its position in shares of Microsoft by 1.1% during the 3rd quarter. Forbes J M & Co. LLP now owns 155,234 shares of the software giant’s stock valued at $49,015,000 after purchasing an additional 1,759 shares during the last quarter. TKG Advisors LLC boosted its holdings in shares of Microsoft by 123.4% in the 3rd quarter. TKG Advisors LLC now owns 2,254 shares of the software giant’s stock worth $712,000 after buying an additional 1,245 shares during the last quarter. TFO Wealth Partners LLC grew its position in Microsoft by 108.8% during the third quarter. TFO Wealth Partners LLC now owns 1,890 shares of the software giant’s stock valued at $644,000 after buying an additional 985 shares during the period. Finally, Cozad Asset Management Inc. raised its position in Microsoft by 2.3% in the third quarter. Cozad Asset Management Inc. now owns 54,937 shares of the software giant’s stock worth $17,346,000 after acquiring an additional 1,210 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.5 %

Shares of MSFT opened at $446.34 on Wednesday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $450.94. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.37 and a beta of 0.89. The firm has a 50 day moving average price of $418.59 and a 200-day moving average price of $405.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.67%. Microsoft’s payout ratio is 25.97%.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 322 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $455.00 price target on shares of Microsoft in a research note on Monday, April 22nd. UBS Group reaffirmed a “buy” rating and set a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Wedbush reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Wednesday, May 22nd. Finally, Morgan Stanley lifted their target price on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $465.83.

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.