Plimoth Trust Co. LLC Has $21.76 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Plimoth Trust Co. LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,626 shares of the software giant’s stock after selling 349 shares during the quarter. Microsoft comprises 5.6% of Plimoth Trust Co. LLC’s holdings, making the stock its 2nd largest holding. Plimoth Trust Co. LLC’s holdings in Microsoft were worth $21,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. BCK Partners Inc. lifted its holdings in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares in the last quarter. Christopher J. Hasenberg Inc raised its holdings in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. Sequent Asset Management LLC raised its holdings in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after acquiring an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC raised its holdings in shares of Microsoft by 0.8% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after acquiring an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC raised its holdings in shares of Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank assumed coverage on Microsoft in a report on Thursday. They issued a “sector outperform” rating and a $470.00 price target on the stock. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Stifel Nicolaus reduced their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Performance

Shares of MSFT opened at $391.26 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. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The firm has a market capitalization of $2.91 trillion, a P/E ratio of 31.50, a PEG ratio of 2.21 and a beta of 0.92. The business has a fifty day moving average of $408.82 and a 200 day moving average of $419.65.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the company earned $2.93 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Microsoft 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.