Luts & Greenleigh Group Inc. Has $3.49 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Luts & Greenleigh Group Inc. cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,273 shares of the software giant’s stock after selling 43 shares during the quarter. Microsoft comprises 4.4% of Luts & Greenleigh Group Inc.’s investment portfolio, making the stock its 3rd biggest holding. Luts & Greenleigh Group Inc.’s holdings in Microsoft were worth $3,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. FMR LLC increased its stake in shares of Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares in the last quarter. Barclays PLC grew its holdings in Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after purchasing an additional 2,456,190 shares during the period. International Assets Investment Management LLC bought a new position in shares of Microsoft during the fourth quarter valued at approximately $9,625,201,000. California Public Employees Retirement System lifted its holdings in shares of Microsoft by 9.2% during the third quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock valued at $6,749,275,000 after purchasing an additional 1,796,956 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Microsoft by 0.8% in the 3rd quarter. Raymond James & Associates now owns 10,671,615 shares of the software giant’s stock worth $3,369,562,000 after purchasing an additional 88,583 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $409.34 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a 50-day simple moving average of $413.84 and a two-hundred day simple moving average of $392.05. The firm has a market capitalization of $3.04 trillion, a PE ratio of 35.44, a P/E/G ratio of 2.15 and a beta of 0.89. Microsoft Co. has a 52-week low of $306.09 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 EPS. Analysts forecast that Microsoft Co. will post 11.76 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSFT. Barclays lifted their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. KeyCorp began coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective on the stock. Macquarie lifted their target price on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Evercore ISI increased their price target on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $452.61.

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.