Microsoft Co. (NASDAQ:MSFT) is Grandfield & Dodd LLC's Largest Position

Grandfield & Dodd LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,718 shares of the software giant's stock after selling 2,839 shares during the quarter. Microsoft comprises 6.2% of Grandfield & Dodd LLC's investment portfolio, making the stock its biggest holding. Grandfield & Dodd LLC's holdings in Microsoft were worth $100,198,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MSFT. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares during the last quarter. Mcdaniel Terry & Co. raised its stake in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares during the last quarter. Centric Wealth Management lifted its holdings in shares of Microsoft by 0.7% during the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after buying an additional 112 shares during the period. 1900 Wealth Management LLC lifted its stake in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after purchasing an additional 294 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock worth $3,980,299,000 after purchasing an additional 217,509 shares during the period. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Up 1.1 %

Shares of Microsoft stock opened at $438.00 on Friday. The stock has a market cap of $3.26 trillion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm's 50-day moving average is $388.19 and its two-hundred day moving average is $411.61.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data 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. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm earned $2.94 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft's payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho upped their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Piper Sandler restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. TD Securities boosted 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. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Barclays increased their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $507.77.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company's stock.

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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