Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Cut by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,745 shares of the software giant's stock after selling 7,163 shares during the quarter. Microsoft comprises about 5.9% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 2nd largest position. Campbell Newman Asset Management Inc.'s holdings in Microsoft were worth $69,727,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft during the 4th quarter worth approximately $38,000. LSV Asset Management purchased a new position in Microsoft during the 4th quarter worth approximately $44,000. IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In related news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider directly owned 476,999 shares of the company's stock, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on 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 owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last 90 days. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Piper Sandler lifted their price target on Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $581.00 target price (up previously from $512.00) on shares of Microsoft in a report on Wednesday. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Citigroup upped their price target on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $538.04.

Microsoft Stock Up 1.2%

Shares of NASDAQ:MSFT opened at $511.70 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm has a fifty day moving average of $476.35 and a 200 day moving average of $427.88. The firm has a market capitalization of $3.80 trillion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $513.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.94 earnings per share. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Microsoft Company 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.

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