Choate Investment Advisors Has $62.82 Million Position in Microsoft Co. (NASDAQ:MSFT)

Choate Investment Advisors grew its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 22.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 198,949 shares of the software giant’s stock after acquiring an additional 36,434 shares during the period. Microsoft comprises 2.5% of Choate Investment Advisors’ holdings, making the stock its 8th largest holding. Choate Investment Advisors’ holdings in Microsoft were worth $62,818,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Mcdonald Partners LLC grew its holdings in Microsoft by 0.6% in the third quarter. Mcdonald Partners LLC now owns 47,585 shares of the software giant’s stock worth $15,025,000 after purchasing an additional 265 shares during the period. Narus Financial Partners LLC grew its holdings in Microsoft by 8.5% in the third quarter. Narus Financial Partners LLC now owns 2,584 shares of the software giant’s stock worth $816,000 after purchasing an additional 202 shares during the period. Palo Alto Wealth Advisors LLC grew its holdings in Microsoft by 0.3% in the third quarter. Palo Alto Wealth Advisors LLC now owns 28,241 shares of the software giant’s stock worth $8,917,000 after purchasing an additional 91 shares during the period. Aire Advisors LLC grew its holdings in Microsoft by 6.4% in the third quarter. Aire Advisors LLC now owns 10,648 shares of the software giant’s stock worth $3,362,000 after purchasing an additional 640 shares during the period. Finally, Sonoma Private Wealth LLC grew its holdings in shares of Microsoft by 0.6% during the third quarter. Sonoma Private Wealth LLC now owns 7,286 shares of the software giant’s stock valued at $2,301,000 after buying an additional 46 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $414.11 on Friday. The firm’s 50 day moving average price is $384.47 and its 200-day moving average price is $353.64. Microsoft Co. has a twelve month low of $245.61 and a twelve month high of $415.56. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.08 trillion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 27.12%.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $450.00 price target on shares of Microsoft in a research report on Monday, January 29th. BMO Capital Markets boosted their price objective on shares of Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Raymond James boosted their price target on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Rosenblatt Securities boosted their price objective on shares of Microsoft from $370.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $411.06.

Check Out Our Latest Stock Report on MSFT

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 24,681 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $67,807,809. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,984 shares of company stock worth $28,978,803. 0.03% of the stock is currently owned by insiders.

About Microsoft

(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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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