Ledyard National Bank Sells 888 Shares of Microsoft Co. (NASDAQ:MSFT)

Ledyard National Bank cut its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,850 shares of the software giant’s stock after selling 888 shares during the period. Microsoft makes up about 5.2% of Ledyard National Bank’s holdings, making the stock its 3rd biggest position. Ledyard National Bank’s holdings in Microsoft were worth $50,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Financial Security Advisor Inc. raised its position in Microsoft by 1.7% during the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after buying an additional 452 shares during the period. Gunderson Capital Management Inc. raised its position in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares during the period. Rappaport Reiches Capital Management LLC increased its position in Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares during the last quarter. RNC Capital Management LLC increased its position in Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares during the last quarter. Finally, Clarity Financial LLC increased its position in Microsoft by 4.9% in the 4th quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock worth $21,399,000 after purchasing an additional 2,681 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MSFT shares. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, March 25th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Jefferies Financial Group upped their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company upped their price target on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Evercore ISI upped their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $457.91.

Check Out Our Latest Stock Analysis on MSFT

Microsoft Trading Up 0.1 %

Shares of MSFT opened at $415.13 on Friday. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $433.60. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $416.30 and a 200-day simple moving average of $400.95. The stock has a market cap of $3.09 trillion, a PE ratio of 35.94, a PEG ratio of 2.19 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the firm posted $2.45 EPS. The business’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued 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 yield of 0.72%. Microsoft’s dividend payout ratio is 25.97%.

Insider Activity at Microsoft

In related news, 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 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 approximately $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft 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 transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Microsoft Company 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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