Microsoft Co. (NASDAQ:MSFT) Shares Sold by Capital Counsel LLC NY

Capital Counsel LLC NY decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515,472 shares of the software giant’s stock after selling 1,019 shares during the quarter. Microsoft comprises 9.5% of Capital Counsel LLC NY’s holdings, making the stock its 6th largest holding. Capital Counsel LLC NY’s holdings in Microsoft were worth $221,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hardy Reed LLC increased its stake in Microsoft by 2.3% during the third quarter. Hardy Reed LLC now owns 26,741 shares of the software giant’s stock worth $11,507,000 after acquiring an additional 597 shares during the last quarter. RBO & Co. LLC grew its stake in shares of Microsoft by 1.6% in the third quarter. RBO & Co. LLC now owns 9,826 shares of the software giant’s stock valued at $4,228,000 after buying an additional 156 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Microsoft by 2.6% in the third quarter. Townsquare Capital LLC now owns 460,052 shares of the software giant’s stock valued at $197,960,000 after buying an additional 11,574 shares in the last quarter. Baldwin Investment Management LLC grew its stake in shares of Microsoft by 2.5% in the third quarter. Baldwin Investment Management LLC now owns 40,829 shares of the software giant’s stock valued at $17,569,000 after buying an additional 1,003 shares in the last quarter. Finally, Cadence Bank grew its stake in shares of Microsoft by 0.9% in the third quarter. Cadence Bank now owns 128,616 shares of the software giant’s stock valued at $55,344,000 after buying an additional 1,201 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

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

Microsoft Trading Up 0.0 %

Shares of NASDAQ:MSFT opened at $415.06 on Monday. The stock has a market capitalization of $3.09 trillion, a PE ratio of 33.42, a P/E/G ratio of 2.38 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 firm has a fifty day moving average price of $432.53 and a 200 day moving average price of $424.61. 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 issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 34.38%. During the same period in the previous year, the firm earned $2.93 earnings per share. Analysts expect that Microsoft Co. will post 12.89 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 26.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MSFT shares. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. JPMorgan Chase & Co. dropped 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. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. BMO Capital Markets dropped their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, KeyCorp lifted their price objective on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

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.