Clean Yield Group sells 570 shares of Microsoft Co. (NASDAQ:MSFT)

Clean Yield Group reduced its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the software giant’s stock after selling 570 shares during the period. Microsoft accounts for 2.1% of Clean Yield Group’s holdings, making the stock its 13th biggest position. Clean Yield Group’s holdings in Microsoft were worth $5,470,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Morris Financial Concepts Inc. raised its stake in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after buying an additional 25 shares in the last quarter. Innova Wealth Partners raised its stake in shares of Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after purchasing an additional 25 shares during the last quarter. Arkansas Financial Group Inc. raised its stake in shares of Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares during the last quarter. Partnership Wealth Management LLC boosted its stake in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares in the last quarter. Finally, Johnson Bixby & Associates LLC raised its stake in shares of Microsoft by 0.4% in the 1st quarter. Johnson Bixby & Associates LLC now owns 6,481 shares of the software giant’s stock valued at $2,727,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s shares.

Insider buying and selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders own 0.03% of the company’s shares.

Microsoft pricing performance

NASDAQ:MSFT opened at $416.79 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.27, and a debt-to-equity ratio of 0.16. The company’s 50-day simple moving average is $435.06, and its two-hundred-day simple moving average is $422.82. The stock has a market cap of $3.10 trillion, a PE ratio of 36.09, a P/E/G ratio of 2.11 and a beta of 0.90. Microsoft Co. it has a 52-week low of $309.45 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s quarterly revenue was up 15.2% year over year. In the same period last year, the company earned $2.69 per share. As a group, analysts estimate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15. This represents a dividend of $3.00 on an annualized basis and a yield of 0.72%. Microsoft’s dividend payout ratio is currently 25.97%.

Changes in Analyst Ratings

Several brokerages have commented on MSFT. Macquarie boosted their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. BMO Capital Markets increased their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Citigroup cut their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley cut their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $494.72, according to MarketBeat.

Check out our latest report on Microsoft

About Microsoft

(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 consumer office services, such as Microsoft 365 consumer subscriptions, on-premise Office licensing, and other office services.

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