Microsoft Co. (NASDAQ:MSFT) is Hamel Associates Inc.’s 9th Largest Position

Hamel Associates Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,618 shares of the software giant’s stock after selling 275 shares during the quarter. Microsoft makes up approximately 2.8% of Hamel Associates Inc.’s investment portfolio, making the stock its 9th largest position. Hamel Associates Inc.’s holdings in Microsoft were worth $7,132,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Microsoft by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock valued at $14,074,064,000 after purchasing an additional 784,656 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Microsoft by 2.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock valued at $10,306,701,000 after purchasing an additional 939,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Microsoft by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after acquiring an additional 766,487 shares in the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock valued at $1,728,111 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $255.29 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The stock has a fifty day moving average of $247.21 and a two-hundred day moving average of $246.31. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.34 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. Microsoft’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 earnings per share. On average, analysts anticipate that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Rosenblatt Securities decreased their target price on Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. The Goldman Sachs Group set a $315.00 target price on Microsoft in a research note on Wednesday, January 25th. Wedbush increased their price target on Microsoft from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Citigroup increased their price target on Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a research report on Wednesday, January 25th. Finally, Royal Bank of Canada set a $285.00 price target on Microsoft in a research report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $285.58.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.