Microsoft Co. (NASDAQ:MSFT) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,360 shares of the software giant’s stock after selling 488 shares during the period. Microsoft comprises 2.3% of Bar Harbor Wealth Management’s portfolio, making the stock its 6th biggest holding. Bar Harbor Wealth Management’s holdings in Microsoft were worth $35,136,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the period. Quarry LP bought a new position in shares of Microsoft during the second quarter worth about $45,000. Avondale Wealth Management grew its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the third quarter worth about $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the fourth quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the completion of the transaction, the chief marketing officer now owns 53,852 shares of the company’s stock, valued at approximately $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 8,000 shares of company stock valued at $3,493,820 in the last quarter. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MSFT shares. Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Get Our Latest Research Report on Microsoft

Microsoft Stock Up 0.3 %

MSFT stock opened at $416.13 on Friday. The stock’s fifty day simple moving average is $425.98 and its two-hundred day simple moving average is $422.79. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The stock has a market cap of $3.09 trillion, a P/E ratio of 33.50, a P/E/G ratio of 2.17 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the business posted $2.93 earnings per share. Analysts expect that Microsoft Co. will post 13.07 EPS 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 issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 26.73%.

Microsoft Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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