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

Community Bank & Trust Waco Texas grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 46,377 shares of the software giant’s stock after acquiring an additional 386 shares during the period. Microsoft makes up approximately 4.5% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 2nd largest position. Community Bank & Trust Waco Texas’ holdings in Microsoft were worth $19,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP purchased a new position in shares of Microsoft in the second quarter valued at $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the 2nd quarter worth $75,000. Carolina Wealth Advisors LLC boosted its position in shares of Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft in the 2nd quarter valued at about $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.0 %

Shares of NASDAQ:MSFT opened at $429.03 on Friday. The stock has a 50-day simple moving average of $429.19 and a 200-day simple moving average of $426.57. The stock has a market capitalization of $3.19 trillion, a P/E ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last released 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 during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the firm earned $2.99 earnings per share. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.92 earnings per share for the current year.

Microsoft Dividend Announcement

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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group lifted their price objective on Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler increased their target price on Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a report on Monday, January 6th. BMO Capital Markets cut their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $511.53.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft 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 sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is owned by corporate insiders.

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.