KCM Investment Advisors LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 315,583 shares of the software giant's stock after selling 1,434 shares during the quarter. Microsoft accounts for about 4.6% of KCM Investment Advisors LLC's investment portfolio, making the stock its 3rd largest holding. KCM Investment Advisors LLC's holdings in Microsoft were worth $135,795,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft during the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC boosted its position in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Microsoft by 1.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant's stock valued at $882,816,000 after purchasing an additional 31,401 shares in the last quarter. Jacobs & Co. CA increased its position in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant's stock worth $41,318,000 after purchasing an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. raised its stake in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Insider Activity
In related news, CMO Takeshi Numoto sold 2,500 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company's stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on MSFT shares. KeyCorp increased their price objective on Microsoft from $490.00 to $505.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Sanford C. Bernstein cut their price target on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. The Goldman Sachs Group decreased their target price on Microsoft from $515.00 to $500.00 and set a "buy" rating for the company in a research report on Thursday, October 10th. Finally, Cantor Fitzgerald started coverage on shares of Microsoft in a research report on Friday. They issued an "overweight" rating and a $509.00 price target on the stock. Three analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $512.93.
Check Out Our Latest Stock Analysis on MSFT
Microsoft Price Performance
Shares of MSFT traded down $0.53 during mid-day trading on Tuesday, reaching $428.50. The company had a trading volume of 25,848,817 shares, compared to its average volume of 19,069,188. The company's 50-day moving average is $429.54 and its 200-day moving average is $425.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The company has a market capitalization of $3.19 trillion, a P/E ratio of 35.35, a P/E/G ratio of 2.28 and a beta of 0.90. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. During the same period last year, the business earned $2.99 earnings per share. The business's revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 12.92 EPS for the current year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's payout ratio is 27.39%.
Microsoft Company Profile
(
Free Report)
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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