Members Trust Co Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

Members Trust Co grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,214 shares of the software giant’s stock after acquiring an additional 597 shares during the period. Microsoft comprises about 0.0% of Members Trust Co’s investment portfolio, making the stock its 20th biggest position. Members Trust Co’s holdings in Microsoft were worth $11,471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in 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 buying an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Microsoft by 4.1% in the third 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 valued at $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. International Assets Investment Management LLC raised its stake in Microsoft by 48,526.1% during the third 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 purchasing an additional 38,422,466 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MSFT shares. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective for the company. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research report on Thursday. Finally, Piper Sandler restated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $499.97.

Microsoft Trading Down 1.0 %

NASDAQ MSFT opened at $367.78 on Friday. The company’s 50-day simple moving average is $389.13 and its two-hundred day simple moving average is $413.21. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 prior year, the business earned $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is presently 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.