Microsoft Co. (NASDAQ:MSFT) Holdings Cut by Cape Cod Five Cents Savings Bank

Cape Cod Five Cents Savings Bank decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,862 shares of the software giant’s stock after selling 4,038 shares during the period. Microsoft accounts for about 3.0% of Cape Cod Five Cents Savings Bank’s holdings, making the stock its 8th largest holding. Cape Cod Five Cents Savings Bank’s holdings in Microsoft were worth $32,119,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MSFT. BCK Partners Inc. lifted its position in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the last quarter. Massachusetts Wealth Management lifted its holdings in Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after buying an additional 25 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Microsoft by 0.8% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after buying an additional 25 shares during the period. Conscious Wealth Investments LLC grew its stake in Microsoft by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after acquiring an additional 25 shares in the last quarter. Finally, Global Wealth Strategies & Associates increased its position in shares of Microsoft by 0.8% during the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock worth $1,290,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 0.6 %

NASDAQ:MSFT opened at $412.22 on Tuesday. The business’s fifty day moving average price is $431.44 and its 200 day moving average price is $423.41. The firm has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 quarter in the previous year, the company posted $2.93 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s payout ratio is presently 26.73%.

Analyst Ratings Changes

A number of brokerages have weighed in on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. KeyCorp increased their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $14,333,540 in the last quarter. 0.03% of the stock is currently owned by company insiders.

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.