Microsoft Co. (NASDAQ:MSFT) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 240,796 shares of the software giant’s stock after selling 1,531 shares during the quarter. Microsoft makes up approximately 5.2% of Chesley Taft & Associates LLC’s holdings, making the stock its biggest holding. Chesley Taft & Associates LLC’s holdings in Microsoft were worth $101,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter worth $35,920,047,000. International Assets Investment Management LLC acquired a new position in shares of Microsoft in the 4th quarter valued at about $9,625,201,000. Vanguard Group Inc. grew its holdings in shares of Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after purchasing an additional 15,701,937 shares during the period. TCI Fund Management Ltd. acquired a new stake in Microsoft during the 4th quarter worth approximately $4,000,376,000. Finally, FMR LLC raised its holdings in Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after buying an additional 5,762,902 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’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 completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.5 %

Microsoft stock opened at $467.56 on Friday. The firm has a 50-day moving average price of $429.75 and a two-hundred day moving average price of $412.76. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.17 and a beta of 0.89. 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:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.45 EPS. Sell-side analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. The Goldman Sachs Group boosted their price objective on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Citigroup increased their target price on Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Macquarie boosted their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, UBS Group reaffirmed a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $467.12.

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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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