Microsoft Co. (NASDAQ:MSFT) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,794,763 shares of the software giant’s stock after selling 18,350 shares during the quarter. Microsoft makes up approximately 3.7% of Glenmede Trust Co. NA’s portfolio, making the stock its 2nd largest position. Glenmede Trust Co. NA’s holdings in Microsoft were worth $772,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc lifted 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 worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP bought a new position in Microsoft during the second quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter valued at approximately $62,000. Innealta Capital LLC bought a new position in Microsoft during the second quarter valued at approximately $75,000. Finally, Carolina Wealth Advisors LLC raised its position in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSFT. KeyCorp raised their price objective on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. DA Davidson reiterated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Stock Performance

Microsoft stock opened at $415.06 on Monday. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 12-month low of $385.58 and a 12-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. The stock has a 50-day simple moving average of $432.53 and a 200 day simple moving average of $424.61.

Microsoft (NASDAQ:MSFT) last posted its 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 return on equity of 34.38% and a net margin of 35.43%. During the same quarter last year, the company posted $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 12.89 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

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.