Trust Co. of Oklahoma Sells 1,252 Shares of Microsoft Co. (NASDAQ:MSFT)

Trust Co. of Oklahoma trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,585 shares of the software giant’s stock after selling 1,252 shares during the period. Microsoft accounts for approximately 3.9% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 5th biggest position. Trust Co. of Oklahoma’s holdings in Microsoft were worth $11,870,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rebalance LLC lifted its holdings in Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after buying an additional 24 shares during the period. First National Bank Sioux Falls lifted its holdings in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares during the period. Doheny Asset Management CA lifted its holdings in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares during the period. Flagship Private Wealth LLC raised its holdings in shares of Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the period. Finally, Massachusetts Wealth Management raised its holdings in shares of Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the transaction, the chief marketing officer now directly owns 53,852 shares in the company, valued at approximately $23,203,211.24. This represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,578 shares of company stock worth $55,279,956 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $431.20 on Wednesday. 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 Co. has a 52-week low of $362.90 and a 52-week high of $468.35. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.29 and a beta of 0.90. The business’s fifty day moving average is $420.83 and its 200 day moving average is $426.70.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the previous year, the business earned $2.99 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its board has initiated a share repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s payout ratio is 27.39%.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a report on Monday, September 23rd. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, Citigroup dropped their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $503.03.

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.