Clean Yield Group Sells 207 Shares of Microsoft Co. (NASDAQ:MSFT)

Clean Yield Group lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,570 shares of the software giant’s stock after selling 207 shares during the quarter. Microsoft makes up 2.1% of Clean Yield Group’s holdings, making the stock its 13th largest holding. Clean Yield Group’s holdings in Microsoft were worth $5,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Iron Horse Wealth Management LLC grew its position in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft during the 3rd quarter worth $87,000. Family CFO Inc grew its position in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares in the last quarter. Cordant Inc. boosted its position in Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in Microsoft during the fourth quarter valued at about $146,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.8 %

Microsoft stock opened at $406.32 on Friday. The firm has a market cap of $3.02 trillion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Microsoft Co. has a 52 week low of $295.25 and a 52 week high of $430.82. The business’s 50-day moving average price is $414.48 and its 200 day moving average price is $388.12. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. Microsoft’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSFT. Citigroup dropped their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. JPMorgan Chase & Co. raised their price objective on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. Finally, Evercore ISI raised their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $452.61.

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.