Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,682,092 shares of the software giant's stock after selling 102,719 shares during the period. Microsoft comprises about 5.6% of Chevy Chase Trust Holdings LLC's investment portfolio, making the stock its 3rd biggest holding. Chevy Chase Trust Holdings LLC owned 0.06% of Microsoft worth $1,757,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter valued at $44,343,058,000. GAMMA Investing LLC boosted its stake in shares of Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after buying an additional 16,788,816 shares during the period. Northern Trust Corp boosted its stake in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after buying an additional 10,431,988 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

MSFT opened at $524.11 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.31 and a beta of 1.06. The firm's fifty day moving average price is $489.94 and its two-hundred day moving average price is $435.01. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.95 EPS. As a group, analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal 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 issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 24.34%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Cantor Fitzgerald raised their price target on shares of Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a report on Thursday. Raymond James Financial raised their price target on shares of Microsoft from $490.00 to $570.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, DA Davidson raised their price target on shares of Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a report on Thursday. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 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. Insiders sold a total of 54,743 shares of company stock valued at $24,921,913 over the last quarter. Corporate insiders own 0.03% of the company's stock.

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.

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