Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Lowered by Bath Savings Trust Co

Bath Savings Trust Co reduced its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,980 shares of the software giant's stock after selling 2,349 shares during the period. Microsoft comprises about 3.7% of Bath Savings Trust Co's portfolio, making the stock its 5th biggest holding. Bath Savings Trust Co's holdings in Microsoft were worth $36,030,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Nexus Investment Management ULC lifted its stake in shares of Microsoft by 0.3% in the 1st quarter. Nexus Investment Management ULC now owns 77,005 shares of the software giant's stock valued at $28,907,000 after purchasing an additional 265 shares during the period. Exeter Financial LLC lifted its stake in shares of Microsoft by 0.7% in the 1st quarter. Exeter Financial LLC now owns 19,847 shares of the software giant's stock valued at $7,450,000 after purchasing an additional 135 shares during the period. Webster Bank N. A. lifted its stake in shares of Microsoft by 3.1% in the 1st quarter. Webster Bank N. A. now owns 74,142 shares of the software giant's stock valued at $27,832,000 after purchasing an additional 2,201 shares during the period. Sage Capital Advisors llc lifted its stake in shares of Microsoft by 4.3% in the 1st quarter. Sage Capital Advisors llc now owns 43,940 shares of the software giant's stock valued at $16,494,000 after purchasing an additional 1,802 shares during the period. Finally, Moody National Bank Trust Division raised its position in Microsoft by 0.3% during the first quarter. Moody National Bank Trust Division now owns 84,096 shares of the software giant's stock worth $31,569,000 after acquiring an additional 214 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 0.8%

Shares of MSFT stock opened at $490.11 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market cap of $3.64 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. The company has a 50-day moving average of $441.90 and a two-hundred day moving average of $420.91. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $491.85.

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

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the firm's 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 completion of the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. UBS Group reduced their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Finally, Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $515.68.

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.

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