Grassi Investment Management Buys 71 Shares of Microsoft Co. (NASDAQ:MSFT)

Grassi Investment Management grew its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,339 shares of the software giant’s stock after purchasing an additional 71 shares during the period. Microsoft comprises approximately 6.4% of Grassi Investment Management’s holdings, making the stock its 3rd biggest holding. Grassi Investment Management’s holdings in Microsoft were worth $60,670,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the first quarter worth $28,000. Atlantic Private Wealth LLC lifted its position in Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares in the last quarter. Infrastructure Capital Advisors LLC bought a new stake in Microsoft during the 2nd quarter worth about $601,000. Hibernia Wealth Partners LLC acquired a new stake in Microsoft in the 3rd quarter valued at about $69,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 0.3 %

NASDAQ:MSFT opened at $421.65 on Wednesday. The company has a market cap of $3.13 trillion, a PE ratio of 38.12, a PEG ratio of 2.28 and a beta of 0.89. The stock has a 50-day simple moving average of $409.02 and a 200 day simple moving average of $373.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a 52-week low of $272.05 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $2.32 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. Argus raised their price target on shares of Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Jefferies Financial Group reissued a “buy” rating and issued a $465.00 target price on shares of Microsoft in a research note on Wednesday, March 6th. Raymond James upped their price target on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Barclays upped their target price on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $423.34.

Get Our Latest Stock Analysis on MSFT

Microsoft Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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