Amalgamated Bank Sells 22,210 Shares of Microsoft Co. (NASDAQ:MSFT)

Amalgamated Bank cut its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,572,618 shares of the software giant's stock after selling 22,210 shares during the period. Microsoft comprises approximately 5.4% of Amalgamated Bank's holdings, making the stock its 3rd biggest position. Amalgamated Bank's holdings in Microsoft were worth $662,858,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Strategent Financial LLC acquired a new stake in Microsoft in the fourth quarter worth $767,000. Weinberger Asset Management Inc grew its position in shares of Microsoft by 10.9% during the fourth quarter. Weinberger Asset Management Inc now owns 1,823 shares of the software giant's stock worth $768,000 after acquiring an additional 179 shares during the last quarter. FourThought Financial Partners LLC increased its holdings in shares of Microsoft by 3.6% in the 4th quarter. FourThought Financial Partners LLC now owns 108,627 shares of the software giant's stock worth $45,787,000 after acquiring an additional 3,734 shares during the period. Exchange Capital Management Inc. boosted its stake in Microsoft by 1.4% during the 4th quarter. Exchange Capital Management Inc. now owns 71,899 shares of the software giant's stock valued at $30,306,000 after purchasing an additional 1,019 shares during the period. Finally, Twin Peaks Wealth Advisors LLC grew its position in Microsoft by 0.6% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 12,710 shares of the software giant's stock worth $5,357,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSFT. UBS Group cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays reduced their price target on Microsoft from $475.00 to $430.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. BMO Capital Markets lowered their price target on Microsoft from $490.00 to $470.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company decreased their target price on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Wedbush lowered their target price on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $493.89.

Microsoft Stock Up 0.3 %

MSFT stock opened at $395.26 on Thursday. The company's 50 day simple moving average is $383.76 and its 200-day simple moving average is $410.91. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $2.94 trillion, a P/E ratio of 31.82, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 earnings per share. The company's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm 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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft's dividend payout ratio (DPR) is presently 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.

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