Microsoft Co. (NASDAQ:MSFT) is Folger Nolan Fleming Douglas Capital Management Inc.’s 5th Largest Position

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,642 shares of the software giant’s stock after selling 4,678 shares during the quarter. Microsoft comprises about 4.2% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Microsoft were worth $40,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp grew its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the period. Quilter Plc grew its stake in shares of Microsoft by 1.6% during the 2nd quarter. Quilter Plc now owns 939,099 shares of the software giant’s stock worth $419,730,000 after purchasing an additional 14,542 shares during the period. Fairfield Financial Advisors LTD acquired a new position in shares of Microsoft during the 2nd quarter worth $8,712,000. Finally, Abound Wealth Management grew its stake in shares of Microsoft by 0.6% during the 2nd quarter. Abound Wealth Management now owns 5,648 shares of the software giant’s stock worth $2,524,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 1.2 %

NASDAQ MSFT opened at $397.12 on Friday. The firm has a market capitalization of $2.95 trillion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The business’s 50-day moving average price is $420.68 and its two-hundred day moving average price is $422.73. 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 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the business earned $2.93 earnings per share. On average, analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s payout ratio is currently 26.73%.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now directly owns 53,852 shares of the company’s stock, valued at $23,203,211.24. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 7,000 shares of company stock worth $3,070,340. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSFT. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Loop Capital increased their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.96.

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.