Microsoft Co. (NASDAQ:MSFT) Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,149,034 shares of the software giant’s stock after selling 1,617,761 shares during the period. Microsoft comprises about 4.1% of TD Asset Management Inc’s portfolio, making the stock its 2nd biggest holding. TD Asset Management Inc owned about 0.15% of Microsoft worth $4,192,483,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSFT. Norges Bank acquired a new position in shares of Microsoft during the 4th quarter worth $35,920,047,000. International Assets Investment Management LLC bought a new stake in Microsoft during the 4th quarter worth $9,625,201,000. FMR LLC grew its position in Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares during the last quarter. Cerity Partners LLC grew its position in Microsoft by 277.8% during the 4th quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant’s stock worth $2,633,912,000 after acquiring an additional 5,150,160 shares during the last quarter. Finally, Barclays PLC grew its position in Microsoft by 9.3% during the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after acquiring an additional 2,456,190 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was 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 approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 in the last three months. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSFT. Citigroup reduced their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Raymond James restated an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Macquarie boosted their price objective on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, May 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 price target on shares of Microsoft in a research report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $460.56.

View Our Latest Research Report on MSFT

Microsoft Trading Down 0.2 %

NASDAQ:MSFT opened at $423.85 on Monday. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60. The company has a market cap of $3.15 trillion, a PE ratio of 36.70, a PEG ratio of 2.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a 50-day moving average of $416.20 and a 200-day moving average of $402.77.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping 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 analyst estimates of $60.86 billion. During the same period in the previous year, the company posted $2.45 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed 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. This represents a $3.00 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

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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