Charles Schwab Trust Co Has $8.47 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Charles Schwab Trust Co raised its stake in Microsoft Co. (NASDAQ:MSFT) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,087 shares of the software giant’s stock after buying an additional 1,401 shares during the period. Microsoft comprises about 0.7% of Charles Schwab Trust Co’s portfolio, making the stock its 29th biggest position. Charles Schwab Trust Co’s holdings in Microsoft were worth $8,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its position in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. Quarry LP purchased a new stake in shares of Microsoft during the 2nd quarter worth approximately $45,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft during the third quarter worth $62,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 0.9 %

Shares of Microsoft stock opened at $393.31 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $2.92 trillion, a P/E ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35. The firm has a fifty day moving average of $416.40 and a two-hundred day moving average of $421.87.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the business earned $2.93 EPS. On average, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MSFT shares. DA Davidson restated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Morgan Stanley decreased their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $509.54.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.