Microsoft Co. (NASDAQ:MSFT) Stock Holdings Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.7% in the third quarter, Holdings Channel.com reports. The firm owned 9,436,069 shares of the software giant’s stock after selling 69,764 shares during the quarter. Microsoft makes up approximately 2.6% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 4th biggest position. PNC Financial Services Group Inc.’s holdings in Microsoft were worth $4,060,340,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the period. Nicholas Investment Partners LP lifted its stake in Microsoft by 3.0% during the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after purchasing an additional 1,164 shares in the last quarter. West Oak Capital LLC boosted its position in shares of Microsoft by 1.8% during the second quarter. West Oak Capital LLC now owns 13,308 shares of the software giant’s stock worth $5,948,000 after buying an additional 233 shares during the period. Finally, ACT Advisors LLC. boosted its position in shares of Microsoft by 10.4% during the second quarter. ACT Advisors LLC. now owns 3,284 shares of the software giant’s stock worth $1,468,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $444.06 on Friday. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The stock has a market capitalization of $3.30 trillion, a PE ratio of 36.64, a PEG ratio of 2.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock’s fifty day moving average is $431.05 and its 200-day moving average is $425.82.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.99 EPS. Equities research analysts expect that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Ratings Changes

Several research firms have weighed in on MSFT. Cantor Fitzgerald began coverage on Microsoft in a research report on Friday, January 17th. They issued an “overweight” rating and a $509.00 target price for the company. Mizuho lifted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, TD Cowen cut their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $512.66.

Read Our Latest Analysis on MSFT

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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