Hemenway Trust Co LLC Has $53.26 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Hemenway Trust Co LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,888 shares of the software giant's stock after buying an additional 4,389 shares during the period. Microsoft comprises approximately 4.3% of Hemenway Trust Co LLC's holdings, making the stock its 4th largest holding. Hemenway Trust Co LLC's holdings in Microsoft were worth $53,263,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fosun International Ltd raised its holdings in Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after purchasing an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC raised its holdings in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC raised its holdings in Microsoft by 2.3% in 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 in the last quarter. Kuhn & Co Investment Counsel raised 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 worth $1,385,000 after purchasing an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group raised its holdings in Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

NASDAQ MSFT traded up $2.83 during mid-day trading on Friday, hitting $513.71. The stock had a trading volume of 19,103,456 shares, compared to its average volume of 16,594,816. The firm's 50 day moving average is $483.52 and its 200 day moving average is $431.52. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $518.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.33 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 EPS. Equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MSFT. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wedbush restated an "outperform" rating and set a $600.00 price target on shares of Microsoft in a research note on Friday. Wall Street Zen lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. Finally, Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $551.21.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. 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 over the last three months. Company insiders own 0.03% of the company's stock.

Microsoft Company 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.