Microsoft Co. (NASDAQ:MSFT) Stake Boosted by Bank of Stockton

Bank of Stockton boosted its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,601 shares of the software giant’s stock after buying an additional 124 shares during the period. Microsoft makes up about 2.3% of Bank of Stockton’s investment portfolio, making the stock its 8th largest position. Bank of Stockton’s holdings in Microsoft were worth $6,099,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. grew its position in Microsoft by 1.0% in the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after acquiring an additional 6,129,708 shares during the period. State Street Corp grew its position in Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares during the period. FMR LLC grew its position in Microsoft by 0.8% in the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after acquiring an additional 1,537,712 shares during the period. Price T Rowe Associates Inc. MD grew its position in Microsoft by 0.3% in the second 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 acquiring an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its stake in Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares in the last quarter. 69.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Loop Capital assumed coverage on Microsoft in a research note on Tuesday, October 17th. They issued a “buy” rating and a $425.00 price objective on the stock. Tigress Financial boosted their price objective on Microsoft from $433.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a research note on Thursday, January 18th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $432.00 price target on shares of Microsoft in a research note on Monday, November 20th. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.06.

View Our Latest Research Report on MSFT

Microsoft Trading Up 1.6 %

NASDAQ:MSFT opened at $420.55 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a market capitalization of $3.12 trillion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a one year low of $245.61 and a one year high of $420.82. The business has a fifty day moving average price of $385.39 and a 200-day moving average price of $354.19.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results 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. The company had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 EPS. Sell-side analysts forecast that Microsoft Co. will post 11.6 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. In other 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 transaction of $9,107,289.00. Following the transaction, the executive vice president now owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders sold 72,984 shares of company stock valued at $28,978,803 in the last 90 days. Insiders own 0.03% of the company’s stock.

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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