Balentine LLC Has $51.69 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Balentine LLC raised its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 20.2% in the fourth quarter, Holdings Channel reports. The firm owned 137,465 shares of the software giant’s stock after purchasing an additional 23,069 shares during the period. Microsoft accounts for 1.6% of Balentine LLC’s investment portfolio, making the stock its 10th largest holding. Balentine LLC’s holdings in Microsoft were worth $51,692,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MSFT. Friedenthal Financial bought a new position in Microsoft in the 4th quarter valued at $45,000. PayPay Securities Corp grew its stake in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the period. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft during the 3rd quarter worth $87,000. Kathleen S. Wright Associates Inc. grew its stake in shares of Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares during the period. Finally, Family CFO Inc grew its stake in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $424.52 on Friday. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 2.20 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $433.60. The stock’s 50-day moving average is $416.13 and its 200 day moving average is $402.07.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $2.45 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s dividend payout ratio is 25.97%.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold a total of 47,521 shares of company stock worth $19,746,476 in the last ninety days. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. Macquarie increased their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, March 25th. KeyCorp started coverage on Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target for the company. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. Finally, StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $457.91.

Check Out Our Latest Analysis on MSFT

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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