Corebridge Financial Inc. Sells 38,891 Shares of Microsoft Co. (NASDAQ:MSFT)

Corebridge Financial Inc. lessened its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,107,373 shares of the software giant's stock after selling 38,891 shares during the quarter. Microsoft comprises about 4.8% of Corebridge Financial Inc.'s investment portfolio, making the stock its 3rd biggest position. Corebridge Financial Inc.'s holdings in Microsoft were worth $888,258,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Geode Capital Management LLC boosted its holdings in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Microsoft by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock worth $20,675,715,000 after purchasing an additional 1,823,579 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,743 shares of company stock valued at $58,375,673 in the last 90 days. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MSFT shares. Royal Bank of Canada restated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Wall Street Zen raised Microsoft from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Barclays upped their price target on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Tigress Financial increased their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Four 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, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.

Microsoft Trading Up 0.0%

MSFT stock traded up $0.09 during midday trading on Friday, reaching $458.77. The company's stock had a trading volume of 34,758,620 shares, compared to its average volume of 21,504,528. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The stock has a market cap of $3.41 trillion, a PE ratio of 36.94, a price-to-earnings-growth 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. The business's 50-day simple moving average is $409.00 and its 200-day simple moving average is $415.17.

Microsoft (NASDAQ:MSFT - Get Free Report) last released 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. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend 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.