Microsoft Co. (NASDAQ:MSFT) Shares Sold by Camden National Bank

Camden National Bank reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,102 shares of the software giant’s stock after selling 1,293 shares during the period. Microsoft accounts for approximately 3.3% of Camden National Bank’s holdings, making the stock its largest holding. Camden National Bank’s holdings in Microsoft were worth $23,280,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MSFT. Net Worth Advisory Group acquired a new stake in shares of Microsoft during the third quarter worth about $2,645,000. Oak Ridge Investments LLC boosted its stake in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after purchasing an additional 31,401 shares in the last quarter. Jacobs & Co. CA lifted its holdings in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSFT has been the topic of several research reports. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $512.66.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $442.33 on Thursday. The business’s 50 day moving average is $432.01 and its 200-day moving average is $425.03. The firm has a market cap of $3.29 trillion, a P/E ratio of 36.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. Microsoft Co. has a 1-year low of $385.58 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 posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same quarter in the previous year, the business posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Dividend Announcement

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

Microsoft Company 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.