Microsoft Co. (NASDAQ:MSFT) Shares Bought by Penobscot Wealth Management

Penobscot Wealth Management grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,600 shares of the software giant’s stock after acquiring an additional 145 shares during the quarter. Penobscot Wealth Management’s holdings in Microsoft were worth $1,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Proficio Capital Partners LLC grew its holdings in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the period. Geode Capital Management LLC grew its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Microsoft by 43,900.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock worth $860,913,000 after purchasing an additional 2,037,857 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 1.0%

Shares of MSFT stock opened at $458.87 on Tuesday. The stock’s 50 day simple moving average is $396.84 and its 200 day simple moving average is $412.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the business earned $2.94 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSFT. Royal Bank of Canada boosted their target price on Microsoft from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. UBS Group decreased their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Monday, April 14th. Scotiabank upped their price target on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 1st. Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $510.30.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,243 shares of company stock valued at $41,288,738 in the last 90 days. 0.03% of the stock is currently owned by insiders.

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.