Pacific Global Investment Management Co. Lowers Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Pacific Global Investment Management Co. lessened its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,092 shares of the software giant’s stock after selling 1,832 shares during the period. Microsoft makes up approximately 6.4% of Pacific Global Investment Management Co.’s investment portfolio, making the stock its 2nd largest position. Pacific Global Investment Management Co.’s holdings in Microsoft were worth $31,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after purchasing an additional 5,762,902 shares in the last quarter. Barclays PLC raised its position in shares of Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after buying an additional 2,456,190 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $9,625,201,000. Jennison Associates LLC grew its position in Microsoft by 1.1% during the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after buying an additional 277,881 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Microsoft by 9.2% during the 3rd quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock worth $6,749,275,000 after acquiring an additional 1,796,956 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several analyst reports. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Microsoft in a report on Friday, March 15th. The Goldman Sachs Group raised their target price on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Piper Sandler reaffirmed an “overweight” rating and set a $465.00 price target (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. KeyCorp initiated coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, May 24th. Three 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $457.91.

Check Out Our Latest Research Report on Microsoft

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,521 shares of company stock valued at $19,746,476. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $424.01 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $416.06 and its 200 day simple moving average is $401.91. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60. The firm has a market cap of $3.15 trillion, a price-to-earnings ratio of 36.71, a PEG ratio of 2.18 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) 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 company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the business earned $2.45 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders 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 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

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.

Read More

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.