Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Hemenway Trust Co LLC

Hemenway Trust Co LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,499 shares of the software giant's stock after purchasing an additional 3,369 shares during the quarter. Microsoft makes up approximately 4.7% of Hemenway Trust Co LLC's holdings, making the stock its 3rd largest holding. Hemenway Trust Co LLC's holdings in Microsoft were worth $57,956,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MSFT. WFA Asset Management Corp raised its holdings in 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 last quarter. Ironwood Wealth Management LLC. boosted its holdings in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its holdings in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the period. United Bank boosted its holdings in shares of Microsoft by 4.1% during the 3rd quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after purchasing an additional 730 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of Microsoft during the 3rd quarter valued at about $466,000. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last ninety days. Insiders own 0.03% of the company's stock.

Microsoft Trading Up 1.3%

Shares of MSFT stock traded up $6.25 during trading hours on Thursday, hitting $478.87. The company had a trading volume of 18,905,074 shares, compared to its average volume of 21,503,895. The company's fifty day moving average is $423.22 and its 200 day moving average is $417.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $480.37. The stock has a market capitalization of $3.56 trillion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping 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 net margin of 35.43% and a return on equity of 33.36%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.94 EPS. Research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MSFT shares. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Citigroup boosted their target price on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $513.89.

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.