Microsoft Corporation (NASDAQ:MSFT) Holdings Increased by CCM Investment Advisers LLC

CCM Investment Advisers LLC grew its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,877 shares of the software giant's stock after purchasing an additional 1,242 shares during the quarter. Microsoft makes up about 3.3% of CCM Investment Advisers LLC's holdings, making the stock its 4th largest position. CCM Investment Advisers LLC's holdings in Microsoft were worth $26,607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MSFT. Fosun International Ltd lifted its stake in Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after acquiring an additional 23 shares during the period. Muirfield Wealth Advisors LLC boosted its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after acquiring an additional 24 shares during the period. Retirement Financial Solutions LLC lifted its holdings in shares of Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares during the period. Kuhn & Co Investment Counsel lifted its holdings in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after acquiring an additional 25 shares during the period. Finally, Alliance Wealth Management Group increased its position in shares of Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after buying an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were 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 directly owned 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. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Citigroup increased their target price on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Raymond James Financial raised their price objective on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen cut Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $541.79.

Microsoft Price Performance

MSFT traded down $1.65 on Friday, reaching $510.05. The stock had a trading volume of 21,075,124 shares, compared to its average volume of 21,610,163. The company has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The firm has a 50-day moving average of $476.35 and a 200-day moving average of $427.88. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $515.46.

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

Microsoft Announces Dividend

The firm 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

About Microsoft

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.