Microsoft Co. (NASDAQ:MSFT) is Grove Bank & Trust’s 9th Largest Position

Grove Bank & Trust increased its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 9.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 30,138 shares of the software giant’s stock after acquiring an additional 2,657 shares during the period. Microsoft makes up approximately 1.9% of Grove Bank & Trust’s holdings, making the stock its 9th largest holding. Grove Bank & Trust’s holdings in Microsoft were worth $9,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its holdings in shares of Microsoft by 112,158.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after acquiring an additional 150,053,637 shares during the last quarter. Norges Bank bought a new position in shares of Microsoft in the fourth quarter worth $20,700,525,000. Aaron Wealth Advisors LLC grew its stake in shares of Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Microsoft by 14.0% in the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after buying an additional 14,652,150 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Microsoft by 348.6% in the second quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock valued at $894,426,000 after buying an additional 9,324,182 shares during the period. 69.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MSFT. Citigroup upped their price objective on Microsoft from $430.00 to $432.00 and gave the company a “buy” rating in a report on Thursday, October 26th. The Goldman Sachs Group upped their price objective on Microsoft from $400.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Truist Financial reaffirmed a “buy” rating on shares of Microsoft in a report on Tuesday, January 23rd. BMO Capital Markets upped their target price on Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $432.00 target price on shares of Microsoft in a report on Monday, November 20th. Four investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.06.

Read Our Latest Stock Report on MSFT

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 24,681 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $369.00, for a total value of $9,107,289.00. Following the completion of the transaction, the executive vice president now directly owns 183,761 shares in the company, valued at approximately $67,807,809. The disclosure for this sale can be found here. Insiders have sold a total of 72,984 shares of company stock valued at $28,978,803 in the last 90 days. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $405.49 on Wednesday. Microsoft Co. has a 1-year low of $245.61 and a 1-year high of $415.32. The firm has a market capitalization of $3.01 trillion, a PE ratio of 36.66, a PEG ratio of 2.19 and a beta of 0.90. The business’s 50 day moving average is $383.06 and its 200-day moving average is $352.79. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter last year, the firm earned $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 11.6 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is 27.12%.

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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