Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lowered by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,241 shares of the software giant's stock after selling 5,446 shares during the quarter. Microsoft accounts for approximately 14.1% of Brown Shipley& Co Ltd's holdings, making the stock its biggest holding. Brown Shipley& Co Ltd's holdings in Microsoft were worth $28,503,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. First National Bank Sioux Falls increased its position in shares of Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant's stock valued at $2,834,000 after purchasing an additional 24 shares during the last quarter. BCK Partners Inc. increased its position in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after purchasing an additional 24 shares during the last quarter. Massachusetts Wealth Management increased its position in shares of Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant's stock valued at $4,309,000 after purchasing an additional 25 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in Microsoft by 0.8% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant's stock worth $1,455,000 after acquiring an additional 25 shares in the last quarter. Finally, Conscious Wealth Investments LLC increased its holdings in Microsoft by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant's stock worth $3,108,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.0 %

Shares of MSFT opened at $415.06 on Monday. The company has a market cap of $3.09 trillion, a PE ratio of 33.42, a P/E/G ratio of 2.38 and a beta of 0.90. The business has a fifty day moving average of $432.53 and a 200 day moving average of $424.61. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly 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 return on equity of 34.38% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 12.89 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given 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 yield of 0.80%. Microsoft's dividend payout ratio is presently 26.73%.

Insider Buying and Selling

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the subject of several analyst reports. Citigroup reduced their target price on shares of Microsoft from $500.00 to $497.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Loop Capital increased their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. JPMorgan Chase & Co. reduced their target price on shares of Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Finally, Wedbush reissued an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $510.96.

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.

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