Microsoft Co. (NASDAQ:MSFT) Stock Position Cut by Amica Retiree Medical Trust

Amica Retiree Medical Trust lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,039 shares of the software giant's stock after selling 1,641 shares during the quarter. Microsoft comprises approximately 5.6% of Amica Retiree Medical Trust's portfolio, making the stock its 3rd biggest holding. Amica Retiree Medical Trust's holdings in Microsoft were worth $5,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position 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 acquiring an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its position 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 acquiring an additional 2,138 shares during the period. United Bank boosted its position in shares of Microsoft by 4.1% in the third quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after acquiring an additional 730 shares during the period. Finally, RBO & Co. LLC boosted its position in shares of Microsoft by 1.6% in the third quarter. RBO & Co. LLC now owns 9,826 shares of the software giant's stock valued at $4,228,000 after acquiring an additional 156 shares during the period. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Tigress Financial lifted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. UBS Group dropped their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Barclays lifted their target price on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.

Microsoft Trading Up 0.2%

Shares of NASDAQ:MSFT traded up $0.90 on Wednesday, hitting $463.87. 14,135,414 shares of the company's stock were exchanged, compared to its average volume of 21,449,429. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The business's 50 day simple moving average is $411.89 and its two-hundred day simple moving average is $415.62. 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 (NASDAQ:MSFT - Get Free Report) last released its earnings results 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. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the company earned $2.94 earnings per share. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.72%. Microsoft's dividend payout ratio is currently 25.66%.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,743 shares of company stock worth $58,835,683. 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.