Microsoft Co. (NASDAQ:MSFT) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,991 shares of the software giant’s stock after selling 51 shares during the period. Microsoft comprises about 5.0% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 2nd biggest position. Community Bank & Trust Waco Texas’ holdings in Microsoft were worth $20,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in Microsoft by 25.6% during the second quarter. Larson Financial Group LLC now owns 31,574 shares of the software giant’s stock worth $14,112,000 after buying an additional 6,435 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Microsoft by 2.5% in the 2nd quarter. Foundations Investment Advisors LLC now owns 106,528 shares of the software giant’s stock worth $47,613,000 after acquiring an additional 2,573 shares during the period. Simon Quick Advisors LLC grew its holdings in shares of Microsoft by 6.1% during the 2nd quarter. Simon Quick Advisors LLC now owns 49,248 shares of the software giant’s stock worth $22,011,000 after purchasing an additional 2,832 shares in the last quarter. Vawter Financial Ltd. increased its position in shares of Microsoft by 17.4% during the second quarter. Vawter Financial Ltd. now owns 783 shares of the software giant’s stock valued at $350,000 after purchasing an additional 116 shares during the period. Finally, Beacon Bridge Wealth Partners LLC raised its stake in shares of Microsoft by 3.9% in the second quarter. Beacon Bridge Wealth Partners LLC now owns 1,308 shares of the software giant’s stock valued at $585,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The shares were 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 $328,473,703.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 38,000 shares of the company’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 transaction 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 $203,784,292.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Citigroup dropped their price target on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley reissued an “overweight” rating and issued a $506.00 target price on shares of Microsoft in a report on Tuesday, September 17th. Finally, DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $495.68.

Microsoft Stock Performance

Microsoft stock opened at $416.72 on Friday. Microsoft Co. has a 1 year low of $324.39 and a 1 year high of $468.35. The company’s 50-day moving average is $419.42 and its two-hundred day moving average is $424.54. 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 $3.10 trillion, a PE ratio of 36.08, a PEG ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft declared that its board has initiated a share repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 28.74%.

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.