Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lessened by Cape ANN Savings Bank

Cape ANN Savings Bank trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,379 shares of the software giant’s stock after selling 207 shares during the quarter. Microsoft makes up approximately 4.8% of Cape ANN Savings Bank’s portfolio, making the stock its 5th biggest holding. Cape ANN Savings Bank’s holdings in Microsoft were worth $7,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Friedenthal Financial bought a new stake in Microsoft during the 4th quarter valued at $45,000. Neo Ivy Capital Management purchased a new position in shares of Microsoft during the fourth quarter valued at about $58,000. PayPay Securities Corp boosted its position in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft during the 3rd quarter worth approximately $87,000. Finally, Kathleen S. Wright Associates Inc. raised its position in shares of Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $448.37 on Tuesday. The firm has a market cap of $3.33 trillion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.34 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $450.94. The company’s 50 day moving average is $418.19 and its 200 day moving average is $405.31.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the previous year, the firm earned $2.45 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 target price on shares of Microsoft in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their price target on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. UBS Group reissued a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group upped their target price on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $465.83.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a filing with the SEC, which is available through this link. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 in the last 90 days. Insiders own 0.03% of the company’s stock.

About Microsoft

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.