Bath Savings Trust Co Purchases 1,922 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Mar 24th, 2023

Bath Savings Trust Co boosted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,578 shares of the software giant’s stock after buying an additional 1,922 shares during the quarter. Microsoft makes up approximately 2.8% of Bath Savings Trust Co’s holdings, making the stock its 7th largest holding. Bath Savings Trust Co’s holdings in Microsoft were worth $21,482,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the 1st quarter valued at $28,000. Hanseatic Management Services Inc. raised its stake in Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after buying an additional 55 shares during the period. Macroview Investment Management LLC acquired a new stake in Microsoft during the 4th quarter worth $61,000. Morgan Dempsey Capital Management LLC acquired a new stake in Microsoft during the 3rd quarter worth $82,000. Finally, Avondale Wealth Management raised its stake in Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Trading Up 2.0 %

Shares of MSFT stock opened at $277.66 on Friday. The firm has a 50 day moving average price of $255.62 and a two-hundred day moving average price of $245.93. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.07 trillion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. During the same period in the previous year, the business earned $2.48 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts predict that Microsoft Co. will post 9.34 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.98%. Microsoft’s payout ratio is 30.22%.

Insider Activity

In related news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,767 shares of company stock worth $1,728,111. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MSFT shares. StockNews.com started coverage on Microsoft in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Mizuho raised their price objective on Microsoft from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, March 17th. DA Davidson increased their target price on Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Guggenheim cut Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price for the company. in a report on Tuesday, January 17th. Finally, Fundamental Research lowered their target price on Microsoft from $269.73 to $259.47 and set a “buy” rating for the company in a report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $287.30.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.