Microsoft Co. (NASDAQ:MSFT) is Kennebec Savings Bank's 2nd Largest Position

Kennebec Savings Bank reduced its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,835 shares of the software giant's stock after selling 798 shares during the quarter. Microsoft comprises about 5.4% of Kennebec Savings Bank's holdings, making the stock its 2nd largest position. Kennebec Savings Bank's holdings in Microsoft were worth $5,355,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter worth $38,000. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management lifted its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter worth about $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Down 3.0 %

MSFT traded down $11.78 on Friday, reaching $378.80. 21,606,792 shares of the company's stock were exchanged, compared to its average volume of 20,528,849. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The company's 50 day moving average is $406.52 and its 200-day moving average is $419.25. The company has a market cap of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Tigress Financial lifted their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Wedbush reaffirmed an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, Loop Capital increased their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $510.59.

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.