Armstrong Henry H Associates Inc. Has $334.59 Million Position in Microsoft Corporation $MSFT

Armstrong Henry H Associates Inc. reduced its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 645,997 shares of the software giant’s stock after selling 7,040 shares during the period. Microsoft comprises 30.3% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 2nd largest holding. Armstrong Henry H Associates Inc.’s holdings in Microsoft were worth $334,594,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Capital Management Inc. bought a new stake in shares of Microsoft in the 2nd quarter worth about $9,941,000. Sound View Wealth Advisors Group LLC grew its position in Microsoft by 2.6% in the second quarter. Sound View Wealth Advisors Group LLC now owns 94,120 shares of the software giant’s stock worth $46,816,000 after acquiring an additional 2,373 shares in the last quarter. Real Talk Capital LLC increased its stake in Microsoft by 1.6% during the first quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock worth $860,000 after acquiring an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Microsoft by 3.8% during the second quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock valued at $457,119,000 after purchasing an additional 33,382 shares during the period. Finally, Modern Wealth Management LLC raised its position in Microsoft by 39.3% during the first quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock valued at $54,376,000 after purchasing an additional 40,860 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent research reports. Raymond James Financial dropped their target price on Microsoft from $630.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Mizuho lowered shares of Microsoft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Melius Research boosted their price objective on shares of Microsoft from $595.00 to $625.00 in a research report on Thursday, September 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $630.00 target price on shares of Microsoft in a research note on Tuesday, October 28th. Finally, Arete Research lifted their price target on shares of Microsoft from $710.00 to $730.00 in a research note on Monday, October 27th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $631.03.

Insider Activity at Microsoft

In related news, CEO Judson Althoff sold 12,750 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the sale, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at $63,577,620.48. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 38,500 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider owned 461,597 shares in the company, valued at approximately $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,100 shares of company stock worth $27,598,872 over the last three months. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 0.1%

Shares of MSFT opened at $476.12 on Thursday. The firm has a fifty day moving average price of $501.05 and a 200-day moving average price of $502.70. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.54 trillion, a P/E ratio of 33.86, a P/E/G ratio of 1.79 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 posted its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping the consensus estimate of $3.65 by $0.48. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The company had revenue of $77.67 billion for the quarter, compared to the consensus estimate of $75.49 billion. During the same quarter last year, the firm posted $3.30 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

About Microsoft

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.