Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 926,907 shares of the software giant's stock after selling 27,078 shares during the quarter. Microsoft comprises 4.2% of Mutual of America Capital Management LLC's holdings, making the stock its 3rd largest position. Mutual of America Capital Management LLC's holdings in Microsoft were worth $390,691,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. raised its position in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Centric Wealth Management lifted its stake in 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 acquiring an additional 112 shares during the period. 1900 Wealth Management LLC boosted its holdings 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 valued at $4,274,000 after acquiring an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Microsoft by 2.4% in the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock worth $3,980,299,000 after acquiring an additional 217,509 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Barclays raised their price objective on shares of Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Raymond James raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Five 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $507.77.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction on 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 owns 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Up 0.0 %

NASDAQ MSFT traded up $0.04 on Wednesday, reaching $433.35. 23,291,874 shares of the company were exchanged, compared to its average volume of 21,367,253. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business's fifty day moving average price is $386.48 and its 200 day moving average price is $411.27. The stock has a market capitalization of $3.22 trillion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the company posted $2.94 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.

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.