1,815 Shares in Microsoft Corporation (NASDAQ:MSFT) Purchased by Sunbeam Capital Management LLC

Sunbeam Capital Management LLC acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,815 shares of the software giant's stock, valued at approximately $765,000. Microsoft makes up about 1.6% of Sunbeam Capital Management LLC's investment portfolio, making the stock its 17th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC increased its stake in Microsoft by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after acquiring an additional 3,103,212 shares during the last quarter. Norges Bank bought a new position in Microsoft in the 4th quarter worth about $44,343,058,000. Northern Trust Corp increased its stake in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock worth $25,273,704,000 after acquiring an additional 5,370,546 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MSFT shares. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Mizuho increased their price objective on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Scotiabank increased their price objective on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Finally, Wedbush reiterated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $515.68.

Microsoft Trading Up 0.5%

Shares of MSFT stock opened at $480.24 on Friday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $481.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The business has a 50-day moving average of $436.07 and a 200 day moving average of $420.16. The stock has a market capitalization of $3.57 trillion, a PE ratio of 37.11, a P/E/G ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the business posted $2.94 EPS. The business's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares in the company, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president now owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

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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