Baldwin Brothers LLC MA lowered its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 9.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 201,555 shares of the software giant’s stock after selling 21,207 shares during the quarter. Microsoft comprises about 5.6% of Baldwin Brothers LLC MA’s portfolio, making the stock its 2nd largest position. Baldwin Brothers LLC MA’s holdings in Microsoft were worth $68,638,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. acquired a new stake in Microsoft during the 1st quarter worth about $28,000. Gleason Group Inc. lifted its position in Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares during the period. Syverson Strege & Co lifted its position in Microsoft by 157.0% during the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after acquiring an additional 124 shares during the period. MayTech Global Investments LLC acquired a new stake in Microsoft during the 4th quarter worth about $83,000. Finally, Beutel Goodman & Co Ltd. lifted its position in Microsoft by 57.5% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.
Microsoft Trading Up 1.9 %
Shares of Microsoft stock opened at $321.80 on Tuesday. The stock has a market cap of $2.39 trillion, a P/E ratio of 33.21, a P/E/G ratio of 2.33 and a beta of 0.91. The stock’s 50 day simple moving average is $326.57 and its 200-day simple moving average is $318.77. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.
Microsoft Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a yield of 0.93%. Microsoft’s dividend payout ratio is currently 28.07%.
Insider Activity at Microsoft
In related news, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,049 shares of company stock worth $38,195,619. Insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $400.00 price target on shares of Microsoft in a research report on Wednesday, July 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $385.00 price objective on shares of Microsoft in a research note on Friday, September 22nd. Fundamental Research set a $298.10 price objective on Microsoft and gave the company a “hold” rating in a research note on Wednesday, August 9th. StockNews.com started coverage on Microsoft in a research note on Thursday, August 17th. They set a “buy” rating for the company. Finally, KeyCorp lifted their price objective on Microsoft from $340.00 to $400.00 in a research note on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $376.34.
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.
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