Chevy Chase Trust Holdings LLC Sells 35,842 Shares of Microsoft Co. (NASDAQ:MSFT)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,090,801 shares of the software giant’s stock after selling 35,842 shares during the quarter. Microsoft accounts for about 6.9% of Chevy Chase Trust Holdings LLC’s investment portfolio, making the stock its 2nd largest holding. Chevy Chase Trust Holdings LLC owned approximately 0.07% of Microsoft worth $1,914,345,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Iron Horse Wealth Management LLC lifted its holdings 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 acquiring an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Microsoft in the third quarter valued at about $87,000. Family CFO Inc boosted its position in shares of Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares during the period. Cordant Inc. grew its stake in shares of Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new stake in shares of Microsoft during the 4th quarter valued at about $146,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s 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 sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock worth $30,690,456 in the last three months. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

MSFT has been the subject of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research report on Thursday, January 18th. Citigroup dropped their target price on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Barclays increased their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $452.61.

Microsoft Stock Performance

MSFT stock opened at $406.32 on Friday. Microsoft Co. has a 1 year low of $295.25 and a 1 year high of $430.82. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.22 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The stock’s fifty day moving average is $414.48 and its two-hundred day moving average is $387.70.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period last year, the firm posted $2.45 EPS. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, research analysts predict that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 27.12%.

About Microsoft

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.