Microsoft Co. (NASDAQ:MSFT) is Campbell Newman Asset Management Inc.’s 2nd Largest Position

Campbell Newman Asset Management Inc. cut its stake in Microsoft Co. (NASDAQ:MSFT) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,908 shares of the software giant’s stock after selling 9,733 shares during the quarter. Microsoft makes up approximately 6.6% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 2nd largest holding. Campbell Newman Asset Management Inc.’s holdings in Microsoft were worth $81,311,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Net Worth Advisory Group acquired a new position in Microsoft in the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC boosted its stake in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares in the last quarter. Jacobs & Co. CA raised its position in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of Microsoft stock opened at $404.00 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $3.00 trillion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The business has a 50-day moving average of $424.25 and a 200 day moving average of $423.08. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 period last year, the business earned $2.93 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

Several analysts recently issued reports on MSFT shares. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. DA Davidson reiterated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total transaction of $423,480.00. Following the completion of the transaction, the chief marketing officer now directly owns 56,511 shares of the company’s stock, valued at $23,931,278.28. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 8,000 shares of company stock worth $3,493,820. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company 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.