Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 302,932 shares of the software giant’s stock after selling 3,490 shares during the period. Microsoft makes up about 10.9% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its biggest position. Mcdaniel Terry & Co.’s holdings in Microsoft were worth $113,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $9,625,201,000. FMR LLC grew its holdings in Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares during the period. Barclays PLC raised its position in shares of Microsoft by 9.3% during the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after acquiring an additional 2,456,190 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Microsoft during the 4th quarter valued at $679,928,000. Finally, California Public Employees Retirement System lifted its stake in shares of Microsoft by 9.2% in the 3rd quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock valued at $6,749,275,000 after purchasing an additional 1,796,956 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $402.25 on Tuesday. Microsoft Co. has a 12 month low of $303.40 and a 12 month high of $430.82. The stock has a 50 day moving average of $414.45 and a 200-day moving average of $389.01. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.99 trillion, a P/E ratio of 34.83, a P/E/G ratio of 2.18 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 11.71 EPS for the current year.

Microsoft Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSFT shares. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a report on Thursday, January 18th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. DA Davidson reissued a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. The Goldman Sachs Group raised their price target on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $452.61.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated 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 owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last quarter. Company 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.