Hamilton Point Investment Advisors LLC Has $23.66 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Hamilton Point Investment Advisors LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,987 shares of the software giant’s stock after selling 290 shares during the quarter. Microsoft makes up 4.2% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Hamilton Point Investment Advisors LLC’s holdings in Microsoft were worth $23,661,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after acquiring an additional 652,493 shares in the last quarter. International Assets Investment Management LLC increased its position in Microsoft by 48,526.1% in the third 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 during the last quarter. Ameriprise Financial Inc. raised its stake in Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after acquiring an additional 97,075 shares during the period. Dimensional Fund Advisors LP grew its stake in Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after buying an additional 1,563,533 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Microsoft by 0.3% during the 3rd quarter. Swiss National Bank now owns 20,957,770 shares of the software giant’s stock valued at $9,018,128,000 after purchasing an additional 57,800 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 6.2 %

MSFT opened at $414.99 on Friday. The company has a market capitalization of $3.09 trillion, a PE ratio of 34.24, a PEG ratio of 2.40 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $432.55 and its two-hundred day simple moving average is $424.95. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same quarter last year, the company posted $2.93 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is 26.73%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MSFT. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $509.72.

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.