Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by Grassi Investment Management

Grassi Investment Management raised its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,339 shares of the software giant’s stock after buying an additional 71 shares during the quarter. Microsoft makes up approximately 6.4% of Grassi Investment Management’s investment portfolio, making the stock its 3rd largest position. Grassi Investment Management’s holdings in Microsoft were worth $60,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. High Pines Wealth Management LLC raised its stake in Microsoft by 1.3% during the 3rd quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after acquiring an additional 28 shares in the last quarter. Sonen Capital LLC lifted its stake in Microsoft by 0.3% in the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock valued at $3,199,000 after buying an additional 28 shares during the last quarter. Perritt Capital Management Inc. lifted its stake in Microsoft by 3.3% in the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock valued at $296,000 after buying an additional 30 shares during the last quarter. Noble Family Wealth LLC grew its position in shares of Microsoft by 1.3% during the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock worth $736,000 after acquiring an additional 31 shares during the last quarter. Finally, O Connor Financial Group LLC increased its holdings in shares of Microsoft by 1.4% in the 3rd quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after acquiring an additional 31 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT opened at $421.65 on Wednesday. The company has a 50-day moving average of $409.02 and a two-hundred day moving average of $373.03. The stock has a market cap of $3.13 trillion, a P/E ratio of 38.12, a PEG ratio of 2.28 and a beta of 0.89. Microsoft Co. has a 12-month low of $272.05 and a 12-month high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.32 EPS. As a group, research analysts predict that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is currently 27.12%.

Insider Buying and Selling

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MSFT shares. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday. Wells Fargo & Company raised their price target on Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. China Renaissance started coverage on Microsoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $466.00 price objective for the company. Raymond James lifted their target price on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Barclays upped their price target on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $423.34.

Check Out Our Latest Research Report on Microsoft

Microsoft Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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