Microsoft Co. (NASDAQ:MSFT) Stake Cut by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 302,932 shares of the software giant’s stock after selling 3,490 shares during the quarter. Microsoft comprises 10.9% of Mcdaniel Terry & Co.’s portfolio, making the stock its largest holding. Mcdaniel Terry & Co.’s holdings in Microsoft were worth $113,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Iron Horse Wealth Management LLC increased its stake in Microsoft by 89.0% in the 3rd 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. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft in the third quarter worth approximately $87,000. Family CFO Inc lifted its position in Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the last quarter. Cordant Inc. grew its stake in Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after buying an additional 298 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Microsoft in the 4th quarter worth $146,000. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction 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 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 filing 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 business’s stock in a transaction 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 sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s 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 in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.0 %

NASDAQ MSFT opened at $402.25 on Tuesday. The firm has a market capitalization of $2.99 trillion, a PE ratio of 34.83, a P/E/G ratio of 2.18 and a beta of 0.89. The stock’s 50 day moving average is $414.45 and its 200 day moving average is $389.01. Microsoft Co. has a twelve month low of $303.40 and a twelve month high of $430.82. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 EPS. Research analysts forecast that Microsoft Co. will post 11.71 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.75%. Microsoft’s dividend payout ratio is 25.97%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MSFT. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, March 25th. UBS Group reiterated a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. Barclays boosted their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. The Goldman Sachs Group upped their target price on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $455.00 price target on shares of Microsoft in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

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.