Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,698 shares of the software giant’s stock after selling 182 shares during the period. Microsoft accounts for about 0.7% of Mascoma Wealth Management LLC’s holdings, making the stock its 21st biggest position. Mascoma Wealth Management LLC’s holdings in Microsoft were worth $2,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after acquiring an additional 97,075 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after acquiring an additional 1,563,533 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Microsoft by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant’s stock worth $7,912,402,000 after purchasing an additional 251,408 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Microsoft by 3.3% in the third quarter. Principal Financial Group Inc. now owns 15,651,058 shares of the software giant’s stock valued at $6,734,651,000 after purchasing an additional 501,954 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the 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 completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $424.58 on Friday. The business’s 50 day moving average is $429.21 and its 200-day moving average is $426.58. The firm has a market cap of $3.16 trillion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 1-year low of $384.81 and a 1-year high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 EPS. Equities research analysts predict that Microsoft Co. will post 12.92 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MSFT. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. KeyCorp upped their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $511.62.

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.