AAFMAA Wealth Management & Trust LLC Has $5.24 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

AAFMAA Wealth Management & Trust LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,419 shares of the software giant’s stock after selling 41 shares during the period. Microsoft comprises approximately 2.3% of AAFMAA Wealth Management & Trust LLC’s holdings, making the stock its 12th largest holding. AAFMAA Wealth Management & Trust LLC’s holdings in Microsoft were worth $5,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP purchased a new stake in shares of Microsoft in the second quarter worth approximately $45,000. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft during the fourth quarter valued at approximately $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the sale, the chief marketing officer now owns 53,852 shares in the company, valued at $23,203,211.24. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 8,000 shares of company stock worth $3,493,820 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.9 %

Shares of Microsoft stock opened at $408.25 on Friday. The company’s fifty day simple moving average is $425.20 and its 200-day simple moving average is $422.69. The company has a market cap of $3.03 trillion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.20 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the company earned $2.93 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Sanford C. Bernstein cut their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. TD Cowen cut their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

About Microsoft

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.