Mutual of America Capital Management LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Mutual of America Capital Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 953,985 shares of the software giant’s stock after selling 25,314 shares during the quarter. Microsoft accounts for 4.3% of Mutual of America Capital Management LLC’s portfolio, making the stock its 2nd largest position. Mutual of America Capital Management LLC’s holdings in Microsoft were worth $410,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP purchased a new stake in Microsoft during the second quarter valued at about $45,000. Innealta Capital LLC bought a new position in shares of Microsoft during the second quarter valued at about $75,000. Carolina Wealth Advisors LLC increased its holdings in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 4.1 %

MSFT stock opened at $446.20 on Thursday. The business has a 50 day moving average of $429.65 and a 200 day moving average of $425.70. The firm has a market cap of $3.32 trillion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $2.99 earnings per share. On average, research analysts forecast that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is presently 27.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MSFT shares. Morgan Stanley reduced their price target on Microsoft from $548.00 to $540.00 and set an “overweight” rating on the stock in a research report on Wednesday. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Finally, Piper Sandler raised their target price on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $512.66.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

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.