First National Bank of Mount Dora Trust Investment Services Has $13.80 Million Stake in Microsoft Co. (NASDAQ:MSFT)

First National Bank of Mount Dora Trust Investment Services trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,804 shares of the software giant’s stock after selling 1,170 shares during the quarter. Microsoft makes up 3.4% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 3rd largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Microsoft were worth $13,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MSFT. Friedenthal Financial purchased a new position in Microsoft during the 4th quarter valued at about $45,000. Neo Ivy Capital Management purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $58,000. PayPay Securities Corp lifted its stake in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the period. Cooksen Wealth LLC bought a new stake in Microsoft in the fourth quarter valued at $86,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in Microsoft during the 3rd quarter valued at $87,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly 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 available through this hyperlink. In related news, 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 transaction of $134,145.20. Following the completion of the transaction, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSFT. Citigroup lifted their target price on shares of Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley upped their target price on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI lifted their price target on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Trading Up 0.9 %

Shares of MSFT stock opened at $449.78 on Monday. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $450.94. The firm has a fifty day moving average price of $419.96 and a 200-day moving average price of $407.44. The company has a market cap of $3.34 trillion, a price-to-earnings ratio of 38.94, a PEG ratio of 2.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

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

Microsoft Announces Dividend

The company also recently disclosed 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 is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. Microsoft’s payout ratio is 25.97%.

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.