Trust Co. of Toledo NA OH Sells 1,665 Shares of Microsoft Co. (NASDAQ:MSFT)

Trust Co. of Toledo NA OH lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,948 shares of the software giant’s stock after selling 1,665 shares during the quarter. Microsoft comprises approximately 9.4% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its largest holding. Trust Co. of Toledo NA OH’s holdings in Microsoft were worth $60,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Friedenthal Financial bought a new position in shares of Microsoft in the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new stake in Microsoft in the 4th quarter valued at $58,000. PayPay Securities Corp lifted its stake in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Microsoft during the 4th quarter worth $86,000. Finally, Kathleen S. Wright Associates Inc. grew its stake in shares of Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

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

Analysts Set New Price Targets

A number of research firms recently weighed in on MSFT. Wells Fargo & Company raised their price target on shares of Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Oppenheimer lifted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $465.00 target price (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. Morgan Stanley lifted their price target on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup reduced their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $465.83.

Microsoft Stock Performance

Microsoft stock opened at $446.34 on Thursday. The firm has a fifty day simple moving average of $419.05 and a two-hundred day simple moving average of $406.10. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $450.94. The company has a market capitalization of $3.32 trillion, a PE ratio of 38.64, a P/E/G ratio of 2.36 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the previous year, the company posted $2.45 EPS. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. Research analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

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

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.