Microsoft Co. (NASDAQ:MSFT) Shares Sold by Camden National Bank

Camden National Bank decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,102 shares of the software giant's stock after selling 1,293 shares during the quarter. Microsoft comprises approximately 3.3% of Camden National Bank's holdings, making the stock its biggest holding. Camden National Bank's holdings in Microsoft were worth $23,280,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Charles Schwab Investment Management Inc. lifted its position in shares of Microsoft by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant's stock valued at $15,426,767,000 after buying an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant's stock worth $10,768,771,000 after acquiring an additional 1,563,533 shares during the period. Finally, Swiss National Bank lifted its position in Microsoft by 0.3% in the 3rd quarter. Swiss National Bank now owns 20,957,770 shares of the software giant's stock valued at $9,018,128,000 after purchasing an additional 57,800 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company's stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded down $27.34 during midday trading on Thursday, hitting $414.99. The company's stock had a trading volume of 53,865,877 shares, compared to its average volume of 22,496,486. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 34.24, a PEG ratio of 2.40 and a beta of 0.90. The stock's 50 day simple moving average is $432.55 and its 200 day simple moving average is $424.95.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same quarter last year, the company earned $2.93 EPS. As a group, research analysts anticipate that Microsoft Co. will post 12.9 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 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft's payout ratio is presently 27.39%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. DA Davidson reissued a "neutral" rating and issued a $425.00 price objective on shares of Microsoft in a report on Thursday. Stifel Nicolaus increased their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group dropped their price target on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein cut their target price on Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company reissued a "buy" rating on shares of Microsoft in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $510.24.

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.