Microsoft Co. (NASDAQ:MSFT) Shares Sold by Kennebec Savings Bank

Kennebec Savings Bank trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,835 shares of the software giant’s stock after selling 798 shares during the quarter. Microsoft accounts for 5.4% of Kennebec Savings Bank’s holdings, making the stock its 2nd biggest position. Kennebec Savings Bank’s holdings in Microsoft were worth $5,355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MSFT. BCK Partners Inc. grew its stake in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares in the last quarter. Christopher J. Hasenberg Inc raised its position in shares of 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 in the last quarter. Sequent Asset Management LLC boosted its stake in shares of Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares during the period. Cypress Point Wealth Management LLC increased its stake in Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after acquiring an additional 25 shares during the period. Finally, Riverstone Advisors LLC lifted its position in shares of Microsoft by 0.6% during 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 during the period. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MSFT. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Mizuho reduced their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Finally, Morgan Stanley decreased their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Trading Up 0.5 %

Shares of Microsoft stock opened at $393.08 on Tuesday. The stock has a market capitalization of $2.92 trillion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The stock has a 50 day moving average price of $408.34 and a two-hundred day moving average price of $419.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 in the previous year, the business posted $2.93 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

About Microsoft

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.