Microsoft Co. (NASDAQ:MSFT) Stock Holdings Boosted by Bank of Marin

Bank of Marin grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,109 shares of the software giant’s stock after acquiring an additional 529 shares during the quarter. Microsoft accounts for approximately 6.0% of Bank of Marin’s portfolio, making the stock its largest holding. Bank of Marin’s holdings in Microsoft were worth $7,633,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. boosted its holdings in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Centric Wealth Management boosted its holdings in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after buying an additional 112 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock worth $3,980,299,000 after buying an additional 217,509 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MSFT shares. Wells Fargo & Company boosted their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Thursday. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the company an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $513.13.

Microsoft Stock Down 1.0%

MSFT stock opened at $450.18 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $402.37 and its 200 day moving average is $413.85. The stock has a market cap of $3.35 trillion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35.

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

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of the company’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 transaction, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company’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 transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,743 shares of company stock worth $58,375,673. Insiders own 0.03% of the company’s stock.

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.