Kentucky Trust Co Purchases Shares of 19,224 Microsoft Co. (NASDAQ:MSFT)

Kentucky Trust Co bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 19,224 shares of the software giant's stock, valued at approximately $8,103,000. Microsoft comprises approximately 4.8% of Kentucky Trust Co's investment portfolio, making the stock its biggest holding.

A number of other hedge funds have also recently bought and sold shares of MSFT. BCK Partners Inc. increased its holdings in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after purchasing an additional 24 shares in the last quarter. Muirfield Wealth Advisors LLC grew its position in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after buying an additional 24 shares during the period. Sequent Asset Management LLC increased its holdings in Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after buying an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC raised its position in shares of Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock worth $1,380,000 after acquiring an additional 25 shares during the period. Finally, Riverstone Advisors LLC boosted its stake in shares of Microsoft by 0.6% during the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock worth $1,941,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MSFT shares. StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. UBS Group reduced their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Finally, Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $503.86.

Microsoft Trading Down 0.2 %

MSFT stock traded down $0.64 during mid-day trading on Monday, hitting $387.81. 19,232,192 shares of the company were exchanged, compared to its average volume of 21,242,474. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $391.89 and a 200-day simple moving average of $414.41. The firm has a market capitalization of $2.88 trillion, a P/E ratio of 31.22, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the company earned $2.93 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

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.