Microsoft Co. (NASDAQ:MSFT) is Amica Retiree Medical Trust’s Largest Position

Amica Retiree Medical Trust decreased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,663 shares of the software giant’s stock after selling 374 shares during the quarter. Microsoft makes up about 6.3% of Amica Retiree Medical Trust’s holdings, making the stock its biggest position. Amica Retiree Medical Trust’s holdings in Microsoft were worth $5,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. raised its holdings in shares of Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after purchasing an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new position in shares of Microsoft during the 1st quarter valued at $28,000. Tobam raised its holdings in shares of Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC bought a new position in shares of Microsoft during the 1st quarter valued at $68,000. Finally, Newfound Research LLC raised its holdings in shares of Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSFT shares. Piper Sandler lowered their target price on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Itau BBA Securities started coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Macquarie started coverage on shares of Microsoft in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 target price on the stock. Guggenheim started coverage on shares of Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price on the stock. Finally, Cowen lowered their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Trading Down 1.9 %

Shares of NASDAQ MSFT opened at $224.51 on Thursday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $349.67. The company has a market cap of $1.67 trillion, a PE ratio of 24.19, a P/E/G ratio of 2.13 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $240.02 and a two-hundred day moving average of $258.26.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 9.63 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.21%. Microsoft’s payout ratio is currently 26.72%.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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