Glenmede Trust Co. NA Has $772.29 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Glenmede Trust Co. NA trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,794,763 shares of the software giant’s stock after selling 18,350 shares during the quarter. Microsoft makes up 3.7% of Glenmede Trust Co. NA’s holdings, making the stock its 2nd biggest holding. Glenmede Trust Co. NA’s holdings in Microsoft were worth $772,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MSFT. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the last quarter. Quarry LP acquired a new stake in Microsoft during the second quarter worth approximately $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter worth approximately $62,000. Innealta Capital LLC acquired a new stake in Microsoft during the second quarter worth approximately $75,000. Finally, Carolina Wealth Advisors LLC grew its stake in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MSFT. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Trading Up 0.0 %

NASDAQ MSFT opened at $415.06 on Monday. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 33.42, a PEG ratio of 2.38 and a beta of 0.90. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The business’s fifty day moving average is $432.53 and its 200-day moving average is $424.61.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same quarter in the previous year, the business posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 12.89 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 26.73%.

Microsoft 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.