Harrington Investments INC Has $12.04 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Harrington Investments INC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,977 shares of the software giant’s stock after selling 524 shares during the quarter. Microsoft makes up approximately 6.6% of Harrington Investments INC’s holdings, making the stock its 2nd biggest holding. Harrington Investments INC’s holdings in Microsoft were worth $12,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc increased its stake in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the period. Quarry LP acquired a new stake in Microsoft in the 2nd quarter valued at about $45,000. Innealta Capital LLC bought a new position in shares of Microsoft during the 2nd quarter valued at about $75,000. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC grew its position in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. TD Cowen lowered their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Finally, UBS Group lowered their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $503.03.

Insider Activity

In related news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The trade was a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 212,931 shares of company stock valued at $87,297,343. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 1.8 %

MSFT opened at $430.98 on Tuesday. The company has a market capitalization of $3.20 trillion, a P/E ratio of 35.56, a P/E/G ratio of 2.25 and a beta of 0.91. The firm’s fifty day moving average price is $420.84 and its two-hundred day moving average price is $426.55. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the business earned $2.99 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft declared that its board has authorized a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

About Microsoft

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.