Clean Yield Group lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,194 shares of the software giant’s stock after selling 376 shares during the period. Microsoft comprises 1.6% of Clean Yield Group’s investment portfolio, making the stock its 19th biggest holding. Clean Yield Group’s holdings in Microsoft were worth $4,953,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Geode Capital Management LLC lifted its position in shares of Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock valued at $70,720,874,000 after acquiring an additional 3,103,212 shares during the period. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter valued at approximately $44,343,058,000. Northern Trust Corp lifted its position in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Microsoft by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock valued at $25,273,704,000 after acquiring an additional 5,370,546 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Up 1.5%
NASDAQ:MSFT opened at $498.25 on Monday. The firm has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76. The stock’s 50 day moving average price is $461.41 and its two-hundred day moving average price is $423.48. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.66%.
Insider Buying and Selling at Microsoft
In other news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction dated 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 directly owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last quarter. 0.03% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts recently issued reports on MSFT shares. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Raymond James Financial lifted their price objective on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, Evercore ISI set a $515.00 price target on Microsoft and gave the company an “outperform” rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $524.71.
Get Our Latest Stock Report on MSFT
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.
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