Microsoft Co. (NASDAQ:MSFT) Shares Sold by Peoples Bank KS

Peoples Bank KS lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,242 shares of the software giant’s stock after selling 293 shares during the period. Microsoft accounts for 6.3% of Peoples Bank KS’s holdings, making the stock its 2nd biggest holding. Peoples Bank KS’s holdings in Microsoft were worth $8,095,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Financial Security Advisor Inc. lifted its holdings in Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after buying an additional 452 shares during the period. Gunderson Capital Management Inc. lifted its stake in shares of Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares during the period. Rappaport Reiches Capital Management LLC boosted its position in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bayesian Capital Management LP grew its stake in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares during the period. Finally, RNC Capital Management LLC increased its holdings in Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $446.34 on Thursday. The stock has a fifty day moving average of $419.05 and a 200-day moving average of $406.10. The stock has a market cap of $3.32 trillion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. 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 Co. has a fifty-two week low of $309.45 and a fifty-two week high of $450.94.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analyst Ratings Changes

Several brokerages have recently commented on MSFT. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Wedbush reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, May 22nd. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. KeyCorp began coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Finally, Sanford C. Bernstein boosted their price objective on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $465.83.

Insider Activity

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. Corporate insiders own 0.03% of the company’s stock.

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.