Microsoft Co. (NASDAQ:MSFT) is Community Bank & Trust Waco Texas’ 2nd Largest Position

Community Bank & Trust Waco Texas grew its stake in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,377 shares of the software giant’s stock after acquiring an additional 386 shares during the period. Microsoft comprises 4.5% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 2nd biggest holding. Community Bank & Trust Waco Texas’ holdings in Microsoft were worth $19,956,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after buying an additional 1,563,533 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Microsoft by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant’s stock worth $7,912,402,000 after buying an additional 251,408 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Microsoft by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 15,651,058 shares of the software giant’s stock worth $6,734,651,000 after buying an additional 501,954 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. UBS Group boosted their price target on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Mizuho upped their price target on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Morgan Stanley boosted their price objective on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $511.53.

Microsoft Stock Performance

Shares of MSFT opened at $429.03 on Friday. The company’s 50 day simple moving average is $429.19 and its 200-day simple moving average is $426.57. The firm has a market cap of $3.19 trillion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the firm posted $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s payout ratio is 27.39%.

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.