Microsoft Corporation (NASDAQ:MSFT) is St. Clair Advisors LLC's 3rd Largest Position

Key Points

• St. Clair Advisors LLC reduced its stake in Microsoft by 1.7%, now holding 54,943 shares, making it their 3rd largest position at approximately $20.6 million value.
• Microsoft reported $76.44 billion in revenue and $3.65 EPS for the last quarter, beating expectations and showing 18.1% revenue growth year-over-year.
• The firm declared a quarterly dividend of $0.83 per share, with a dividend yield of 0.6% and a payout ratio of 24.34%.

St. Clair Advisors LLC lessened its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,943 shares of the software giant's stock after selling 938 shares during the period. Microsoft accounts for 5.8% of St. Clair Advisors LLC's investment portfolio, making the stock its 3rd biggest position. St. Clair Advisors LLC's holdings in Microsoft were worth $20,625,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at about $31,000. Newton One Investments LLC boosted its stake in Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after acquiring an additional 30 shares in the last quarter. LSV Asset Management bought a new stake in Microsoft during the fourth quarter worth about $44,000. Fairway Wealth LLC bought a new stake in Microsoft during the fourth quarter worth about $62,000. Finally, IFS Advisors LLC boosted its stake in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT traded up $7.47 during mid-day trading on Tuesday, reaching $529.24. The stock had a trading volume of 18,630,436 shares, compared to its average volume of 22,304,484. The firm has a market cap of $3.93 trillion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.29 and a beta of 1.06. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The business has a fifty day moving average of $498.05 and a 200 day moving average of $438.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same quarter in the previous year, the firm earned $2.95 earnings per share. The company's quarterly revenue was up 18.1% compared to the same quarter last year. Equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.6%. Microsoft's dividend payout ratio (DPR) is currently 24.34%.

Insider Buying and Selling

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,743 shares of company stock worth $24,921,913. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Microsoft from $585.00 to $640.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. TD Cowen lifted their target price on shares of Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. KeyCorp raised shares of Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 target price for the company in a report on Thursday, July 31st. Finally, Cantor Fitzgerald lifted their target price on shares of Microsoft from $581.00 to $639.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

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.