Culbertson A N & Co. Inc. Has $35.44 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Culbertson A N & Co. Inc. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,246 shares of the software giant’s stock after selling 747 shares during the quarter. Microsoft comprises approximately 6.6% of Culbertson A N & Co. Inc.’s holdings, making the stock its 3rd largest position. Culbertson A N & Co. Inc.’s holdings in Microsoft were worth $35,440,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MSFT. DGS Capital Management LLC boosted its stake in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Altus Wealth Group LLC boosted its stake in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after acquiring an additional 152 shares in the last quarter. Powell Investment Advisors LLC boosted its stake in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after acquiring an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its position in shares of Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $413.64 on Tuesday. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The firm’s 50 day moving average is $415.35 and its 200-day moving average is $383.26. The firm has a market capitalization of $3.07 trillion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.25 and a beta of 0.89. 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:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period in the prior year, the business earned $2.32 earnings per share. Microsoft’s quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s payout ratio is 27.12%.

Analyst Ratings Changes

Several research analysts have commented on MSFT shares. KeyCorp initiated coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Macquarie upped their target price on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. BMO Capital Markets upped their price objective on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Raymond James lifted their target price on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $430.52.

Insider Transactions at Microsoft

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were 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 directly owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft 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.