Bar Harbor Wealth Management Has $36.08 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Bar Harbor Wealth Management trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,848 shares of the software giant’s stock after selling 2,743 shares during the quarter. Microsoft accounts for approximately 2.3% of Bar Harbor Wealth Management’s portfolio, making the stock its 7th largest holding. Bar Harbor Wealth Management’s holdings in Microsoft were worth $36,080,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSFT. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group reduced their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Citigroup dropped their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Piper Sandler reissued an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a report on Thursday, October 31st. Finally, Morgan Stanley raised their price objective on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $504.36.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $437.32, for a total transaction of $874,640.00. Following the completion of the sale, the chief marketing officer now owns 51,852 shares of the company’s stock, valued at approximately $22,675,916.64. The trade was a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,578 shares of company stock worth $24,450,096. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 0.2 %

Shares of NASDAQ:MSFT opened at $443.57 on Monday. 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 Co. has a 1 year low of $364.13 and a 1 year high of $468.35. The company has a market cap of $3.30 trillion, a P/E ratio of 36.60, a PEG ratio of 2.32 and a beta of 0.90. The stock’s fifty day moving average price is $421.47 and its 200-day moving average price is $427.00.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the business posted $2.99 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

Microsoft declared that its board has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Microsoft Profile

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.