Microsoft Corporation (NASDAQ:MSFT) is Capital Counsel LLC NY's 5th Largest Position

Capital Counsel LLC NY trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 514,153 shares of the software giant's stock after selling 1,319 shares during the period. Microsoft accounts for approximately 9.3% of Capital Counsel LLC NY's portfolio, making the stock its 5th largest position. Capital Counsel LLC NY's holdings in Microsoft were worth $216,716,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSFT. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its holdings in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its position in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the period. Te Ahumairangi Investment Management Ltd boosted its holdings in Microsoft by 16.4% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 97,894 shares of the software giant's stock valued at $41,885,000 after purchasing an additional 13,793 shares in the last quarter. Finally, Tudor Financial Inc. purchased a new stake in Microsoft in the 3rd quarter valued at approximately $1,773,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 0.2%

MSFT traded down $1.10 during trading on Tuesday, hitting $478.04. The company's stock had a trading volume of 15,377,602 shares, compared to its average volume of 21,494,188. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $480.69. The stock has a market cap of $3.55 trillion, a PE ratio of 36.94, a PEG ratio of 2.44 and a beta of 1.03. The firm's 50 day moving average price is $432.29 and its 200-day moving average price is $419.32. 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 released its earnings results 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. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 earnings per share. On average, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.69%. Microsoft's dividend payout ratio is presently 25.66%.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares of the company's stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the company's 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 sale, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

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.