Field & Main Bank Has $25.37 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Field & Main Bank trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 60,186 shares of the software giant’s stock after selling 293 shares during the quarter. Microsoft accounts for about 8.9% of Field & Main Bank’s investment portfolio, making the stock its biggest position. Field & Main Bank’s holdings in Microsoft were worth $25,368,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Christopher J. Hasenberg Inc increased its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC increased its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the 4th quarter valued at about $141,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 1.1 %

MSFT stock opened at $391.26 on Friday. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.21 and a beta of 0.92. The business has a 50 day simple moving average of $408.82 and a two-hundred day simple moving average of $419.65.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business posted $2.93 earnings per share. Research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Morgan Stanley dropped their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Tigress Financial raised their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday. UBS Group lowered their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Thursday. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft 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.