Microsoft Co. (NASDAQ:MSFT) Position Trimmed by New Hampshire Trust

New Hampshire Trust cut its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,941 shares of the software giant’s stock after selling 1,644 shares during the quarter. Microsoft makes up approximately 5.5% of New Hampshire Trust’s portfolio, making the stock its 3rd largest holding. New Hampshire Trust’s holdings in Microsoft were worth $22,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MSFT. Monumental Financial Group Inc. purchased a new position in Microsoft in the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC raised its position in shares of Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares during the period. Hibernia Wealth Partners LLC purchased a new stake in shares of Microsoft during the 3rd quarter valued at approximately $69,000. Iron Horse Wealth Management LLC raised its position in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the period. Finally, MayTech Global Investments LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at approximately $83,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $420.72 on Monday. The stock has a market cap of $3.13 trillion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The company has a fifty day simple moving average of $411.26 and a 200-day simple moving average of $375.18. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

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

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. Royal Bank of Canada lifted their price target on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Mizuho lifted their price target on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, March 25th. KeyCorp began coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $465.00 target price on shares of Microsoft in a report on Wednesday, March 6th. Four investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.34.

View Our Latest Stock Report on MSFT

About Microsoft

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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