Microsoft Co. (NASDAQ:MSFT) Stock Holdings Raised by Huntington National Bank

Huntington National Bank boosted its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,172,349 shares of the software giant's stock after acquiring an additional 10,771 shares during the quarter. Microsoft accounts for approximately 3.7% of Huntington National Bank's portfolio, making the stock its 3rd largest holding. Huntington National Bank's holdings in Microsoft were worth $504,462,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant's stock worth $15,426,767,000 after purchasing an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant's stock worth $10,768,771,000 after buying an additional 1,563,533 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Microsoft by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant's stock valued at $7,912,402,000 after acquiring an additional 251,408 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Microsoft by 3.3% during the third quarter. Principal Financial Group Inc. now owns 15,651,058 shares of the software giant's stock valued at $6,734,651,000 after purchasing an additional 501,954 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. Truist Financial reissued a "buy" rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Oppenheimer downgraded shares of Microsoft from an "outperform" rating to a "market perform" rating in a research note on Tuesday, October 8th. Wells Fargo & Company reissued a "buy" rating on shares of Microsoft in a research report on Friday, October 18th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $512.93.

Microsoft Price Performance

Microsoft stock traded up $4.45 during trading hours on Friday, hitting $429.03. The stock had a trading volume of 26,146,013 shares, compared to its average volume of 17,227,436. The stock's fifty day moving average is $429.32 and its two-hundred day moving average is $426.37. The stock has a market capitalization of $3.19 trillion, a price-to-earnings 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 current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued 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. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.99 EPS. As a group, analysts predict that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio is currently 27.39%.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. 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 in the last three months. Company insiders own 0.03% of the company's stock.

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.