Microsoft Co. (NASDAQ:MSFT) Holdings Increased by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV increased its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,980 shares of the software giant’s stock after acquiring an additional 134 shares during the period. Microsoft makes up approximately 3.4% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 7th biggest position. Townsend Asset Management Corp NC ADV’s holdings in Microsoft were worth $7,513,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new position in shares of Microsoft during the 4th quarter worth about $45,000. PayPay Securities Corp boosted its position in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft during the third quarter valued at approximately $87,000. Kathleen S. Wright Associates Inc. raised its holdings in shares of Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after buying an additional 143 shares during the period. Finally, Family CFO Inc raised its holdings in shares of Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Down 0.8 %

NASDAQ:MSFT opened at $427.00 on Friday. The company has a market capitalization of $3.17 trillion, a P/E ratio of 36.97, a PEG ratio of 2.26 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $433.60. The firm has a fifty day simple moving average of $416.08 and a 200-day simple moving average of $398.15.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results 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 company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared 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. This represents a $3.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Analysts Set New Price Targets

Several brokerages have commented on MSFT. Citigroup cut 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. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, March 25th. Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, UBS Group restated a “buy” rating and set a $480.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $454.70.

View Our Latest Report on MSFT

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction 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 sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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