Microsoft Co. (NASDAQ:MSFT) Stock Holdings Decreased by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lowered its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,390 shares of the software giant's stock after selling 6,664 shares during the quarter. Microsoft accounts for about 5.6% of Amica Mutual Insurance Co.'s investment portfolio, making the stock its 2nd biggest holding. Amica Mutual Insurance Co.'s holdings in Microsoft were worth $54,959,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. WFA Asset Management Corp increased its position in 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 acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in Microsoft by 0.3% during 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 last quarter. Discipline Wealth Solutions LLC increased its position in Microsoft by 410.4% during 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 last quarter. United Bank increased its position in Microsoft by 4.1% during 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 last quarter. Finally, RBO & Co. LLC increased its position in Microsoft by 1.6% during 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 last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction that occurred on 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 $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $2.70 during mid-day trading on Friday, reaching $470.38. The company's stock had a trading volume of 15,271,762 shares, compared to its average volume of 21,491,705. The firm has a market capitalization of $3.50 trillion, a PE ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a fifty day moving average of $415.43 and a two-hundred day moving average of $416.31. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 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 the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.94 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSFT. Barclays upped their price objective on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. DA Davidson upped their price objective on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald upped their price objective on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. The Goldman Sachs Group upped their price objective on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

About Microsoft

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.