TD Asset Management Inc. Reduces Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

TD Asset Management Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,461,884 shares of the software giant's stock after selling 140,459 shares during the quarter. Microsoft comprises approximately 3.5% of TD Asset Management Inc.'s portfolio, making the stock its 2nd biggest position. TD Asset Management Inc. owned 0.13% of Microsoft worth $3,988,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WFA Asset Management Corp raised its position in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. United Bank raised its position in Microsoft by 4.1% in the 3rd quarter. United Bank now owns 18,378 shares of the software giant's stock worth $7,908,000 after buying an additional 730 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in Microsoft by 6.5% in the 3rd quarter. Summit Trail Advisors LLC now owns 124,178 shares of the software giant's stock worth $53,434,000 after buying an additional 7,621 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Up 0.2%

NASDAQ MSFT traded up $0.98 during trading hours on Tuesday, hitting $462.95. 7,888,285 shares of the company were exchanged, compared to its average volume of 21,432,333. The company has a 50 day moving average of $410.44 and a two-hundred day moving average of $415.29. The firm has a market cap of $3.44 trillion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period last year, the firm earned $2.94 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent research reports. Wedbush restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Scotiabank boosted their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $513.13.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,743 shares of company stock valued at $58,835,683 in the last ninety days. Corporate insiders own 0.03% of the company's stock.

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.