Bangor Savings Bank reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 20,190 shares of the software giant's stock after selling 887 shares during the period. Microsoft comprises approximately 0.7% of Bangor Savings Bank's portfolio, making the stock its 20th biggest position. Bangor Savings Bank's holdings in Microsoft were worth $7,579,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter worth approximately $38,000. LSV Asset Management bought a new position in shares of Microsoft in the fourth quarter valued at approximately $44,000. IFS Advisors LLC grew its holdings in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $62,000. 71.13% of the stock is owned by institutional investors.
Microsoft Trading Down 0.2%
NASDAQ:MSFT opened at $497.72 on Tuesday. The company has a market cap of $3.70 trillion, a P/E ratio of 38.46, a P/E/G ratio of 2.26 and a beta of 1.04. The stock's fifty day moving average price is $463.54 and its two-hundred day moving average price is $423.91. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $500.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) 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 firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the business posted $2.94 earnings per share. The business's quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.
Insider Buying and Selling
In related news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last ninety days. 0.03% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
MSFT has been the subject of several recent analyst reports. Scotiabank upped their target price on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. Tigress Financial upped their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Evercore ISI set a $515.00 target price on Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. 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, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.
View Our Latest Stock Report on MSFT
About Microsoft
(
Free Report)
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.
See Also
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