Culbertson A N & Co. Inc. Sells 1,456 Shares of Microsoft Corporation $MSFT

Culbertson A N & Co. Inc. cut its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,292 shares of the software giant’s stock after selling 1,456 shares during the period. Microsoft accounts for about 6.4% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 2nd largest position. Culbertson A N & Co. Inc.’s holdings in Microsoft were worth $41,928,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. increased its holdings in Microsoft by 14.0% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 38,623 shares of the software giant’s stock worth $19,212,000 after buying an additional 4,750 shares during the last quarter. McDonough Capital Management Inc grew its position in Microsoft by 3.3% in the second quarter. McDonough Capital Management Inc now owns 29,191 shares of the software giant’s stock worth $14,520,000 after acquiring an additional 921 shares in the last quarter. Nordwand Advisors LLC increased its stake in shares of Microsoft by 125.8% during the 2nd quarter. Nordwand Advisors LLC now owns 46,729 shares of the software giant’s stock worth $23,244,000 after purchasing an additional 26,033 shares during the last quarter. GR Financial Group LLC raised its holdings in shares of Microsoft by 7.1% during the 2nd quarter. GR Financial Group LLC now owns 5,111 shares of the software giant’s stock valued at $2,542,000 after purchasing an additional 338 shares in the last quarter. Finally, Capital Square LLC lifted its stake in shares of Microsoft by 0.9% in the 2nd quarter. Capital Square LLC now owns 4,243 shares of the software giant’s stock valued at $2,136,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $483.16 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $507.29 and its two-hundred day moving average price is $501.59. The firm has a market capitalization of $3.59 trillion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.48. The company had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.30 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Microsoft’s dividend payout ratio is 25.89%.

Insiders Place Their Bets

In other news, CEO Judson Althoff sold 12,750 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the transaction, the chief executive officer owned 129,349 shares in the company, valued at approximately $63,577,620.48. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 38,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider directly owned 461,597 shares of the company’s stock, valued at $239,402,668.08. This represents a 7.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,100 shares of company stock worth $27,598,872 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several analyst reports. Wells Fargo & Company increased their target price on shares of Microsoft from $675.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus set a $640.00 price objective on Microsoft in a research note on Thursday, October 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Microsoft in a report on Wednesday, November 19th. Finally, BMO Capital Markets decreased their target price on Microsoft from $650.00 to $625.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $632.34.

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.