Constitution Capital LLC Has $40.51 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Constitution Capital LLC reduced its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,922 shares of the software giant's stock after selling 11,736 shares during the period. Microsoft accounts for 22.4% of Constitution Capital LLC's portfolio, making the stock its largest position. Constitution Capital LLC's holdings in Microsoft were worth $40,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter worth approximately $38,000. LSV Asset Management bought a new position in Microsoft in the fourth quarter worth approximately $44,000. IFS Advisors LLC raised its position in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after acquiring an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new position in Microsoft in the fourth quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MSFT shares. Jefferies Financial Group increased their price target 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. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Finally, Citigroup lifted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $524.71.

Microsoft Stock Up 1.5%

NASDAQ:MSFT opened at $498.25 on Friday. The company has a market cap of $3.70 trillion, a PE ratio of 38.50, a P/E/G ratio of 2.26 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $461.41 and its two-hundred day moving average is $423.57.

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

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Activity

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. Corporate insiders own 0.03% of the company's stock.

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.

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