Sanibel Captiva Trust Company Inc. Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Sanibel Captiva Trust Company Inc. acquired a new position in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 413,382 shares of the software giant’s stock, valued at approximately $155,448,000. Microsoft comprises about 5.7% of Sanibel Captiva Trust Company Inc.’s investment portfolio, making the stock its biggest position.

Several other institutional investors also recently modified their holdings of MSFT. Friedenthal Financial bought a new stake in shares of Microsoft in the fourth quarter worth $45,000. PayPay Securities Corp boosted its position in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Microsoft during the third quarter valued at $87,000. Kathleen S. Wright Associates Inc. boosted its position in Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after acquiring an additional 143 shares during the last quarter. Finally, Family CFO Inc boosted its position in Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MSFT. Oppenheimer upped their price target on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. BMO Capital Markets upped their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Sanford C. Bernstein increased their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $465.83.

Microsoft Stock Performance

Microsoft stock traded up $0.12 during mid-day trading on Friday, reaching $441.70. The company’s stock had a trading volume of 2,899,511 shares, compared to its average volume of 20,879,377. The firm’s fifty day moving average price is $417.37 and its two-hundred day moving average price is $404.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $443.40. The company has a market capitalization of $3.28 trillion, a P/E ratio of 38.23, a PEG ratio of 2.33 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period last year, the firm earned $2.45 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

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.