OVERSEA CHINESE BANKING Corp Ltd Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 433,788 shares of the software giant's stock after selling 9,602 shares during the quarter. Microsoft accounts for about 5.1% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its 3rd biggest holding. OVERSEA CHINESE BANKING Corp Ltd's holdings in Microsoft were worth $182,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its position in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Swedbank AB grew its stake in shares of Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. Finally, United Bank increased 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 buying an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In related news, 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 sale, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president now owns 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,743 shares of company stock worth $58,375,673. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MSFT shares. Raymond James lifted their price target on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Benchmark reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Barclays upped their target price on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $513.13.

Microsoft Price Performance

MSFT stock traded up $10.51 on Tuesday, reaching $460.69. 20,932,633 shares of the company's stock were exchanged, compared to its average volume of 21,585,267. The stock has a fifty day moving average of $403.62 and a 200-day moving average of $414.03. The firm has a market cap of $3.42 trillion, a PE ratio of 37.09, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.94 EPS. As a group, equities analysts predict 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 paid 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 payout ratio is 25.66%.

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.