Marble Harbor Investment Counsel LLC Has $66.19 Million Position in Microsoft Co. (NASDAQ:MSFT)

Marble Harbor Investment Counsel LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,045 shares of the software giant's stock after selling 1,782 shares during the period. Microsoft accounts for about 7.3% of Marble Harbor Investment Counsel LLC's holdings, making the stock its 2nd largest holding. Marble Harbor Investment Counsel LLC's holdings in Microsoft were worth $66,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Proficio Capital Partners LLC boosted its position in shares of Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC increased its holdings in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $0.19 during mid-day trading on Thursday, reaching $453.13. The company's stock had a trading volume of 21,913,513 shares, compared to its average volume of 21,510,806. The stock has a fifty day moving average of $392.40 and a two-hundred day moving average of $412.14. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The firm has a market capitalization of $3.37 trillion, a PE ratio of 36.48, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating 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 analyst estimates of $68.54 billion. During the same period in the prior year, the company earned $2.94 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is presently 25.66%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MSFT shares. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Piper Sandler reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. TD Securities raised their target price on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus raised their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty-one have assigned 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 $509.16.

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.