Kampmann Melissa S. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,053 shares of the software giant's stock after selling 1,667 shares during the quarter. Microsoft comprises 4.7% of Kampmann Melissa S.'s holdings, making the stock its 3rd largest holding. Kampmann Melissa S.'s holdings in Microsoft were worth $5,923,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC raised its stake in shares of 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 buying an additional 2,138 shares during the period. Swedbank AB raised its stake in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Finally, United Bank raised its stake 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 period. Institutional investors own 71.13% of the company's stock.
Microsoft Stock Down 0.7%
Shares of MSFT stock traded down $3.33 during mid-day trading on Wednesday, hitting $457.36. The company's stock had a trading volume of 16,984,314 shares, compared to its average volume of 21,567,190. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The business has a 50-day moving average price of $405.09 and a 200 day moving average price of $414.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $3.40 trillion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.21 and a beta of 0.99.
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. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 earnings per share. Microsoft's revenue was up 13.3% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.
Insiders Place Their Bets
In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 131,743 shares of company stock worth $58,375,673 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MSFT. The Goldman Sachs Group increased their price objective on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Scotiabank increased their price objective on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Finally, TD Securities increased their price objective on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.
Get Our Latest Stock Analysis on MSFT
About Microsoft
(
Free Report)
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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