Trust Co of Kansas Has $10.60 Million Position in Microsoft Co. (NASDAQ:MSFT)

Trust Co of Kansas grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,624 shares of the software giant’s stock after acquiring an additional 1,475 shares during the period. Microsoft accounts for 5.1% of Trust Co of Kansas’ holdings, making the stock its 3rd largest position. Trust Co of Kansas’ holdings in Microsoft were worth $10,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp raised its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Microsoft by 62.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock worth $47,612,000 after purchasing an additional 43,327 shares during the period. Main Street Research LLC raised its position in shares of Microsoft by 0.3% in the first quarter. Main Street Research LLC now owns 119,176 shares of the software giant’s stock valued at $50,141,000 after buying an additional 342 shares in the last quarter. Rockline Wealth Management LLC boosted its stake in shares of Microsoft by 2.9% in the first quarter. Rockline Wealth Management LLC now owns 47,536 shares of the software giant’s stock valued at $19,999,000 after buying an additional 1,328 shares during the period. Finally, ESG Planning DBA Harper Investing acquired a new stake in Microsoft during the first quarter worth approximately $409,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The trade was a 8.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. This represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,431 shares of company stock valued at $74,956,968. 0.03% of the stock is owned by company insiders.

Microsoft Trading Up 1.0 %

MSFT opened at $417.00 on Friday. The company has a market cap of $3.10 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. The company has a fifty day moving average price of $421.94 and a two-hundred day moving average price of $426.19. 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 Co. has a 1-year low of $362.90 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the prior year, the business earned $2.99 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has authorized a share repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently announced 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 is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MSFT shares. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. TD Cowen decreased their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup cut their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, BMO Capital Markets decreased their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

About Microsoft

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.