Microsoft Co. (NASDAQ:MSFT) is Estabrook Capital Management’s Largest Position

Estabrook Capital Management decreased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,482 shares of the software giant’s stock after selling 3,531 shares during the quarter. Microsoft makes up approximately 11.7% of Estabrook Capital Management’s holdings, making the stock its largest holding. Estabrook Capital Management’s holdings in Microsoft were worth $71,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Financial Security Advisor Inc. lifted its stake in shares of Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares in the last quarter. Gunderson Capital Management Inc. lifted its stake in shares of Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC lifted its stake in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares in the last quarter. RNC Capital Management LLC lifted its stake in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Finally, Clarity Financial LLC lifted its position in Microsoft by 4.9% during the 4th quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock worth $21,399,000 after acquiring an additional 2,681 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $427.87 on Tuesday. The company has a market cap of $3.18 trillion, a P/E ratio of 37.05, a PEG ratio of 2.24 and a beta of 0.89. The stock has a fifty day moving average price of $416.26 and a 200 day moving average price of $403.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $433.60.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Sanford C. Bernstein boosted their price target on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Raymond James reissued an “outperform” rating and set a $480.00 price target (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Macquarie boosted their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. boosted their price target on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Evercore ISI boosted their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $463.69.

Get Our Latest Stock Report on Microsoft

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction 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 completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by company insiders.

Microsoft 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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