Microsoft Co. (NASDAQ:MSFT) Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,837 shares of the software giant’s stock after selling 414 shares during the quarter. Microsoft accounts for about 4.5% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 5th largest holding. Trust Co. of Oklahoma’s holdings in Microsoft were worth $12,889,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rebalance LLC increased its position in Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after buying an additional 24 shares during the period. Innova Wealth Partners increased its holdings in shares of Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after purchasing an additional 25 shares during the period. Arkansas Financial Group Inc. increased its holdings in shares of Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after purchasing an additional 25 shares during the period. Partnership Wealth Management LLC increased its holdings in shares of Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the period. Finally, Doheny Asset Management CA increased its holdings in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MSFT. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Wednesday, July 31st. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a report on Monday. Tigress Financial raised their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. New Street Research assumed coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Finally, Citigroup lowered their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Three investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.94.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

NASDAQ MSFT opened at $429.17 on Wednesday. The stock’s 50-day moving average price is $420.10 and its two-hundred day moving average price is $424.67. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.19 trillion, a PE ratio of 37.16, a PEG ratio of 2.14 and a beta of 0.90. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter in the previous year, the business posted $2.69 EPS. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts predict that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 28.74%.

Microsoft announced that its Board of Directors has approved a stock buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.