Microsoft Co. (NASDAQ:MSFT) Position Decreased by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,908 shares of the software giant’s stock after selling 9,733 shares during the period. Microsoft accounts for approximately 6.6% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 2nd largest position. Campbell Newman Asset Management Inc.’s holdings in Microsoft were worth $81,311,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MSFT. Net Worth Advisory Group purchased a new stake in shares of Microsoft in the third quarter worth $2,645,000. Oak Ridge Investments LLC boosted its holdings 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 buying an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Microsoft by 1.6% in 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 buying an additional 31,401 shares in the last quarter. Jacobs & Co. CA raised its holdings in Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares during the period. Finally, Focus Financial Network Inc. lifted its position in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Down 1.0 %

Microsoft stock opened at $404.00 on Tuesday. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. The stock has a market cap of $3.00 trillion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a 50-day moving average of $424.25 and a two-hundred day moving average of $423.08.

Microsoft (NASDAQ:MSFT) last announced 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 quarter last year, the firm earned $2.93 EPS. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.82%. Microsoft’s payout ratio is currently 26.73%.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the transaction, the chief marketing officer now directly owns 53,852 shares in the company, valued at $23,203,211.24. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 8,000 shares of company stock worth $3,493,820. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MSFT shares. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Loop Capital increased their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Finally, BMO Capital Markets decreased their price objective 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. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $510.96.

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.