Armstrong Henry H Associates Inc. Has $284.14 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Armstrong Henry H Associates Inc. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 674,124 shares of the software giant's stock after selling 4,662 shares during the period. Microsoft accounts for about 28.4% of Armstrong Henry H Associates Inc.'s portfolio, making the stock its 2nd largest position. Armstrong Henry H Associates Inc.'s holdings in Microsoft were worth $284,143,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BCK Partners Inc. boosted its stake in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after buying an additional 24 shares in the last quarter. Conscious Wealth Investments LLC boosted its stake in Microsoft by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant's stock valued at $3,108,000 after buying an additional 25 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant's stock valued at $1,290,000 after buying an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc boosted its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after buying an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC boosted its stake in Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on MSFT. DA Davidson reaffirmed a "neutral" rating and issued a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Loop Capital boosted their price objective on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. TD Cowen reduced their price objective on Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.96.

Microsoft Trading Down 1.9 %

NASDAQ MSFT traded down $7.88 on Friday, reaching $408.25. The company had a trading volume of 27,440,364 shares, compared to its average volume of 23,130,024. The stock's 50 day moving average is $425.20 and its 200-day moving average is $422.69. The stock has a market cap of $3.03 trillion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio is currently 26.73%.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the sale, the chief marketing officer now owns 53,852 shares of the company's stock, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 8,000 shares of company stock valued at $3,493,820 over the last 90 days. 0.03% of the stock is owned by company 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.