Kimelman & Baird LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,220 shares of the software giant's stock after selling 850 shares during the quarter. Microsoft comprises about 4.2% of Kimelman & Baird LLC's portfolio, making the stock its 8th largest holding. Kimelman & Baird LLC's holdings in Microsoft were worth $52,359,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MSFT. WFA Asset Management Corp lifted its position in 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 buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its holdings in 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 purchasing an additional 2,138 shares in the last quarter. Swedbank AB boosted its holdings in 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 purchasing an additional 49,288 shares in the last quarter. Finally, United Bank boosted its holdings in 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 purchasing an additional 730 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on MSFT. Mizuho increased their price objective on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Wall Street Zen upgraded Microsoft from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Bank of America lowered their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.
Check Out Our Latest Stock Report on MSFT
Insider Transactions at Microsoft
In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated 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 directly owns 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,743 shares of company stock valued at $58,375,673. Company insiders own 0.03% of the company's stock.
Microsoft Stock Down 0.2%
Shares of MSFT traded down $0.96 during trading on Wednesday, reaching $459.73. The company's stock had a trading volume of 2,467,567 shares, compared to its average volume of 21,511,920. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.42 trillion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a fifty day moving average of $405.09 and a two-hundred day moving average of $414.29.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the business posted $2.94 EPS. The company's quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently announced 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 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.
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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