Greenfield Savings Bank Sells 549 Shares of Microsoft Co. (NASDAQ:MSFT)

Greenfield Savings Bank lowered its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,222 shares of the software giant’s stock after selling 549 shares during the period. Microsoft comprises about 6.3% of Greenfield Savings Bank’s portfolio, making the stock its 2nd largest position. Greenfield Savings Bank’s holdings in Microsoft were worth $12,167,000 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. Vanguard Group Inc. raised its holdings in shares of Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares during the last quarter. Norges Bank purchased a new stake in shares of Microsoft in the fourth quarter valued at about $35,920,047,000. Capital International Investors raised its holdings in shares of Microsoft by 1.0% in the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after purchasing an additional 842,884 shares during the last quarter. Jennison Associates LLC increased its holdings 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 during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after buying an additional 403,409 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. Mizuho raised their price objective on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. UBS Group decreased their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley decreased their price objective on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Piper Sandler restated an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Trading Up 1.0 %

Shares of MSFT opened at $417.14 on Friday. The firm has a market cap of $3.10 trillion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.27. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The firm has a 50 day moving average price of $432.34 and a 200-day moving average price of $422.67.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same period in the prior year, the business posted $2.69 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.72%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction 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 $19,534,480.83. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

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.