Eaton Financial Holdings Company LLC Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jul 3rd, 2023

Eaton Financial Holdings Company LLC boosted its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,274 shares of the software giant’s stock after acquiring an additional 975 shares during the period. Microsoft accounts for 3.4% of Eaton Financial Holdings Company LLC’s portfolio, making the stock its 5th largest position. Eaton Financial Holdings Company LLC’s holdings in Microsoft were worth $4,403,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after buying an additional 6,129,708 shares during the last quarter. State Street Corp raised its position in shares of Microsoft by 0.7% during the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Microsoft by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 142,731,177 shares of the software giant’s stock worth $34,172,705,000 after purchasing an additional 3,268,917 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, Director Teri List sold 1,250 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the transaction, the director now directly owns 874 shares in the company, valued at $292,588.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at $35,952,107.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Teri List sold 1,250 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the transaction, the director now owns 874 shares of the company’s stock, valued at $292,588.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,331 shares of company stock worth $15,867,278. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $340.54 on Monday. The stock’s 50-day simple moving average is $321.74 and its 200 day simple moving average is $280.55. The firm has a market capitalization of $2.53 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $351.47.

Microsoft (NASDAQ:MSFT – Free Report) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. Microsoft’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $2.22 earnings per share. On average, analysts anticipate that Microsoft Co. will post 9.64 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio is presently 29.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BNP Paribas lowered Microsoft from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $310.00 to $300.00 in a research report on Monday, April 24th. Atlantic Securities lifted their target price on Microsoft from $290.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Raymond James lifted their target price on Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. TD Cowen lifted their target price on Microsoft from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Finally, Wolfe Research lifted their target price on Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $333.18.

Microsoft Profile

(Free Report)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.