ST Germain D J Co. Inc. Cuts Stock Position in Microsoft Corporation (NASDAQ:MSFT)

ST Germain D J Co. Inc. lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,503 shares of the software giant's stock after selling 1,245 shares during the quarter. Microsoft comprises approximately 1.4% of ST Germain D J Co. Inc.'s portfolio, making the stock its 13th biggest position. ST Germain D J Co. Inc.'s holdings in Microsoft were worth $30,220,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC grew its holdings in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Wealth Group Ltd. grew its holdings in Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new stake in Microsoft in the fourth quarter valued at $1,375,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at $21,647,150.58. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 0.3%

MSFT opened at $495.94 on Monday. The firm has a 50 day moving average price of $449.47 and a 200 day moving average price of $421.74. The company has a market cap of $3.69 trillion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $499.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm 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 company's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 EPS. Sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. DA Davidson upped their target price on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Wedbush boosted their target price on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Barclays upped their target price on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI set a $515.00 target price on shares of Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, Citigroup upped their target price on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $521.14.

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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