Microsoft Co. (NASDAQ:MSFT) is Mount Vernon Associates Inc. MD’s 2nd Largest Position

Mount Vernon Associates Inc. MD cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 16.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,940 shares of the software giant’s stock after selling 4,145 shares during the quarter. Microsoft comprises approximately 8.3% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 2nd biggest holding. Mount Vernon Associates Inc. MD’s holdings in Microsoft were worth $9,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. CAP Partners LLC grew its holdings in Microsoft by 5.2% during the second quarter. CAP Partners LLC now owns 4,676 shares of the software giant’s stock worth $2,090,000 after acquiring an additional 230 shares during the period. Oakworth Capital Inc. raised its position in shares of Microsoft by 1.6% during the 2nd quarter. Oakworth Capital Inc. now owns 47,998 shares of the software giant’s stock worth $21,453,000 after purchasing an additional 739 shares during the last quarter. Meridian Financial Partners LLC purchased a new position in Microsoft in the 2nd quarter valued at about $5,893,000. Mason & Associates Inc grew its holdings in shares of Microsoft by 9.1% during the second quarter. Mason & Associates Inc now owns 9,580 shares of the software giant’s stock worth $4,282,000 after buying an additional 803 shares in the last quarter. Finally, Hoxton Planning & Management LLC grew its holdings in Microsoft by 1.9% in the 2nd quarter. Hoxton Planning & Management LLC now owns 9,930 shares of the software giant’s stock valued at $4,438,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last ninety days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSFT. UBS Group dropped their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Bank of America increased their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Oppenheimer raised their price objective on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Mizuho increased their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Trading Up 0.9 %

Shares of MSFT stock opened at $435.15 on Wednesday. The business’s 50 day moving average is $422.31 and its two-hundred day moving average is $423.73. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a market cap of $3.23 trillion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 earnings per share. Equities analysts predict that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is presently 25.97%.

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.