White Pine Investment CO Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

White Pine Investment CO lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,901 shares of the software giant’s stock after selling 145 shares during the period. Microsoft makes up about 3.3% of White Pine Investment CO’s holdings, making the stock its 6th biggest position. White Pine Investment CO’s holdings in Microsoft were worth $12,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its stake in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC grew its stake in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. grew its stake in Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after buying an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSFT shares. UBS Group cut their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Microsoft Stock Down 0.9 %

Shares of Microsoft stock opened at $393.31 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a 50-day moving average of $416.40 and a 200 day moving average of $421.87. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 period last year, the business posted $2.93 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

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.