Microsoft Co. (NASDAQ:MSFT) is Evergreen Capital Management LLC’s Largest Position

Evergreen Capital Management LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,370 shares of the software giant’s stock after acquiring an additional 9,345 shares during the quarter. Microsoft accounts for 4.0% of Evergreen Capital Management LLC’s portfolio, making the stock its biggest holding. Evergreen Capital Management LLC’s holdings in Microsoft were worth $109,668,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Rebalance LLC boosted its stake in shares of Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after buying an additional 24 shares during the last quarter. First National Bank Sioux Falls boosted its position in Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares in the last quarter. Doheny Asset Management CA boosted its position in Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after purchasing an additional 25 shares in the last quarter. Flagship Private Wealth LLC boosted its position in Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after purchasing an additional 25 shares in the last quarter. Finally, Massachusetts Wealth Management boosted its position in Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSFT shares. UBS Group lowered their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Citigroup cut their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. KeyCorp lifted their price objective on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Trading Down 0.7 %

MSFT opened at $422.54 on Friday. The business has a fifty day moving average price of $421.09 and a 200 day moving average price of $424.95. The stock has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.23 and a beta of 0.91. Microsoft Co. has a 12 month low of $360.36 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.99 EPS. Sell-side analysts expect that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 24.75%.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company 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.