Mayflower Financial Advisors LLC Sells 212 Shares of Microsoft Co. (NASDAQ:MSFT)

Mayflower Financial Advisors LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,050 shares of the software giant’s stock after selling 212 shares during the period. Microsoft accounts for about 2.8% of Mayflower Financial Advisors LLC’s holdings, making the stock its 5th biggest position. Mayflower Financial Advisors LLC’s holdings in Microsoft were worth $18,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. International Assets Investment Management LLC raised its position in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Wulff Hansen & CO. grew its stake in shares of Microsoft by 47,196.6% in the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Microsoft by 67.5% in the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock valued at $2,566,250,000 after purchasing an additional 2,404,348 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Microsoft by 56.9% during the third quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant’s stock valued at $2,299,767,000 after purchasing an additional 1,938,304 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in Microsoft by 31,648.5% during the second quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock worth $8,366,000 after purchasing an additional 1,865,996 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

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

Microsoft Stock Down 0.4 %

NASDAQ MSFT opened at $415.67 on Wednesday. Microsoft Co. has a 52 week low of $384.81 and a 52 week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.09 trillion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The stock’s 50-day moving average price is $429.08 and its 200-day moving average price is $426.72.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.99 EPS. On average, equities research analysts predict that Microsoft Co. will post 12.93 earnings per share 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s payout ratio is 27.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Mizuho increased their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. TD Cowen decreased their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein lowered their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $511.62.

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.