Armstrong Henry H Associates Inc. Has $284.14 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Armstrong Henry H Associates Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 674,124 shares of the software giant’s stock after selling 4,662 shares during the period. Microsoft accounts for 28.4% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 2nd largest holding. Armstrong Henry H Associates Inc.’s holdings in Microsoft were worth $284,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. BCS Wealth Management bought a new stake in shares of Microsoft during the 4th quarter valued at $2,557,000. Granite Bay Wealth Management LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $7,350,000. First Financial Corp IN raised its position in shares of Microsoft by 2.7% during the 4th quarter. First Financial Corp IN now owns 18,126 shares of the software giant’s stock valued at $7,640,000 after acquiring an additional 484 shares during the last quarter. PFW Advisors LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $4,205,000. Finally, Signet Financial Management LLC raised its position in shares of Microsoft by 2.8% during the 4th quarter. Signet Financial Management LLC now owns 29,470 shares of the software giant’s stock valued at $12,422,000 after acquiring an additional 801 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 1.9 %

Microsoft stock opened at $408.25 on Friday. The stock has a market cap of $3.03 trillion, a P/E ratio of 32.87, a P/E/G ratio of 2.20 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company’s 50-day moving average price is $425.20 and its two-hundred day moving average price is $422.69.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $2.93 EPS. As a group, analysts expect that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Sanford C. Bernstein decreased their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.96.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total transaction of $423,480.00. Following the transaction, the chief marketing officer now directly owns 56,511 shares of the company’s stock, valued at approximately $23,931,278.28. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 8,000 shares of company stock valued at $3,493,820. 0.03% of the stock is currently owned by company insiders.

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.