Microsoft Co. (NASDAQ:MSFT) is Capital City Trust Co. FL’s 3rd Largest Position

Capital City Trust Co. FL lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,824 shares of the software giant’s stock after acquiring an additional 189 shares during the period. Microsoft accounts for approximately 5.1% of Capital City Trust Co. FL’s portfolio, making the stock its 3rd biggest position. Capital City Trust Co. FL’s holdings in Microsoft were worth $20,579,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Wulff Hansen & CO. increased its holdings in shares of Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after buying an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Microsoft by 67.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock valued at $2,566,250,000 after buying an additional 2,404,348 shares during the period. Baillie Gifford & Co. lifted its holdings in Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after acquiring an additional 2,222,483 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in Microsoft by 56.9% in the third quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant’s stock worth $2,299,767,000 after acquiring an additional 1,938,304 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.1 %

Shares of NASDAQ MSFT opened at $446.71 on Friday. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The business has a 50-day moving average of $430.07 and a two-hundred day moving average of $425.55.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. On average, analysts forecast that Microsoft Co. will post 12.91 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MSFT shares. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Loop Capital increased their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Morgan Stanley cut their target price on Microsoft from $548.00 to $540.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $512.66.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft 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. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.