Penobscot Investment Management Company Inc. Has $56.36 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Penobscot Investment Management Company Inc. reduced its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 133,703 shares of the software giant's stock after selling 1,110 shares during the quarter. Microsoft comprises 5.1% of Penobscot Investment Management Company Inc.'s holdings, making the stock its 3rd largest holding. Penobscot Investment Management Company Inc.'s holdings in Microsoft were worth $56,356,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of Microsoft in the 4th quarter worth about $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the 4th quarter valued at about $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The stock was 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. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last quarter. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on MSFT shares. Wedbush reaffirmed an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Microsoft in a research note on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Raymond James lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $513.13.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded up $1.87 on Thursday, reaching $465.74. 2,121,676 shares of the company were exchanged, compared to its average volume of 21,403,889. The company has a 50-day moving average of $413.59 and a 200-day moving average of $415.95. The firm has a market cap of $3.46 trillion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $68.54 billion. During the same quarter in the prior year, the firm posted $2.94 earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft's dividend payout ratio is currently 25.66%.

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.