Microsoft Co. (NASDAQ:MSFT) is Harrington Investments INC’s Largest Position

Harrington Investments INC reduced its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,444 shares of the software giant’s stock after selling 119 shares during the period. Microsoft accounts for approximately 7.1% of Harrington Investments INC’s portfolio, making the stock its largest position. Harrington Investments INC’s holdings in Microsoft were worth $12,388,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSFT. BLB&B Advisors LLC raised its stake in Microsoft by 2.5% in the first quarter. BLB&B Advisors LLC now owns 164,656 shares of the software giant’s stock worth $69,274,000 after buying an additional 4,005 shares in the last quarter. Planned Solutions Inc. raised its stake in Microsoft by 0.9% in the first quarter. Planned Solutions Inc. now owns 3,943 shares of the software giant’s stock worth $1,659,000 after buying an additional 37 shares in the last quarter. RCS Financial Planning LLC bought a new position in Microsoft in the first quarter worth about $220,000. Advisors Management Group Inc. ADV raised its stake in Microsoft by 1.0% in the first quarter. Advisors Management Group Inc. ADV now owns 24,723 shares of the software giant’s stock worth $10,401,000 after buying an additional 255 shares in the last quarter. Finally, Narwhal Capital Management raised its stake in Microsoft by 1.5% in the first quarter. Narwhal Capital Management now owns 156,544 shares of the software giant’s stock worth $65,861,000 after buying an additional 2,370 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSFT. Piper Sandler reissued an “overweight” rating and issued a $465.00 price target (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Macquarie raised their target price on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. BMO Capital Markets raised their target price on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Sanford C. Bernstein raised their target price on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Truist Financial reaffirmed a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $469.86.

View Our Latest Stock Analysis on MSFT

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,566 shares of company stock valued at $10,877,535. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.5 %

Shares of MSFT stock opened at $466.25 on Thursday. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The firm has a fifty day moving average price of $433.86 and a 200-day moving average price of $414.95. 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 company has a market cap of $3.47 trillion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.20 and a beta of 0.89.

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, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced 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 dividend payout ratio is currently 25.97%.

Microsoft 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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