Kennebec Savings Bank Has $5.02 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Kennebec Savings Bank increased its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,381 shares of the software giant's stock after purchasing an additional 546 shares during the period. Microsoft makes up 5.3% of Kennebec Savings Bank's investment portfolio, making the stock its 2nd biggest holding. Kennebec Savings Bank's holdings in Microsoft were worth $5,023,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the fourth quarter valued at about $31,000. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter valued at about $38,000. LSV Asset Management bought a new stake in Microsoft during the fourth quarter valued at about $44,000. IFS Advisors LLC boosted its holdings in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new stake in Microsoft during the fourth quarter valued at about $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $497.72 on Tuesday. The firm has a market cap of $3.70 trillion, a price-to-earnings ratio of 38.46, a PEG ratio of 2.26 and a beta of 1.04. The company has a 50 day moving average of $463.54 and a 200-day moving average of $423.91. 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 1-year low of $344.79 and a 1-year high of $500.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.94 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. DA Davidson upped their price objective on shares of Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. UBS Group reaffirmed a "positive" rating on shares of Microsoft in a research report on Monday, June 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $524.71.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, 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 a total of 135,743 shares of company stock valued at $60,224,683 over the last quarter. Company 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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