Trust Co. of Toledo NA OH Buys 4,606 Shares of Microsoft Co. (NASDAQ:MSFT)

Trust Co. of Toledo NA OH boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,183 shares of the software giant's stock after purchasing an additional 4,606 shares during the quarter. Microsoft makes up 8.4% of Trust Co. of Toledo NA OH's investment portfolio, making the stock its 2nd biggest holding. Trust Co. of Toledo NA OH's holdings in Microsoft were worth $63,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares during the period. Quarry LP acquired a new position in shares of Microsoft during the 2nd quarter worth about $45,000. Avondale Wealth Management boosted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter worth about $62,000. Finally, Carolina Wealth Advisors LLC boosted its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock worth $145,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSFT. Stifel Nicolaus upped their price objective on Microsoft from $475.00 to $515.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. TD Cowen lowered their price objective on Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. DA Davidson reaffirmed a "neutral" rating and set a $425.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $510.96.

Microsoft Stock Performance

Shares of MSFT stock traded down $5.77 during trading hours on Friday, reaching $410.36. 13,673,038 shares of the company's stock were exchanged, compared to its average volume of 22,098,506. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a market cap of $3.05 trillion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. The company's 50 day moving average is $425.98 and its two-hundred day moving average is $422.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the company posted $2.93 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft's payout ratio is currently 26.73%.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 8,000 shares of company stock valued at $3,493,820 in the last ninety days. Corporate insiders own 0.03% of the company's stock.

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.