Stock Yards Bank & Trust Co. Sells 22,182 Shares of Microsoft Co. (NASDAQ:MSFT)

Stock Yards Bank & Trust Co. lowered its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 352,478 shares of the software giant's stock after selling 22,182 shares during the period. Microsoft comprises approximately 5.1% of Stock Yards Bank & Trust Co.'s holdings, making the stock its 2nd largest position. Stock Yards Bank & Trust Co.'s holdings in Microsoft were worth $148,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Geode Capital Management LLC boosted its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after buying an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after buying an additional 652,493 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after acquiring an additional 406,940 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Morgan Stanley reduced their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Wedbush restated an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $508.86.

Microsoft Stock Down 2.0 %

Shares of MSFT stock traded down $7.63 on Monday, reaching $371.17. 12,866,771 shares of the stock were exchanged, compared to its average volume of 20,496,477. The business's 50 day moving average price is $405.52 and its 200 day moving average price is $419.10. The company has a market capitalization of $2.76 trillion, a price-to-earnings ratio of 29.86, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $367.31 and a twelve month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 business posted $2.93 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

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.