Hamilton Point Investment Advisors LLC Has $23.66 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Hamilton Point Investment Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,987 shares of the software giant’s stock after selling 290 shares during the period. Microsoft accounts for about 4.2% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Hamilton Point Investment Advisors LLC’s holdings in Microsoft were worth $23,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. First National Bank Sioux Falls increased its holdings in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares in the last quarter. BCK Partners Inc. grew its holdings in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares during the last quarter. Massachusetts Wealth Management increased its holdings in Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after acquiring an additional 25 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Microsoft by 0.8% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after purchasing an additional 25 shares in the last quarter. Finally, Conscious Wealth Investments LLC lifted its stake in Microsoft by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after buying an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 6.2 %

Shares of MSFT opened at $414.99 on Friday. The stock has a market cap of $3.09 trillion, a PE ratio of 34.24, a P/E/G ratio of 2.40 and a beta of 0.90. The stock’s 50-day moving average is $432.55 and its two-hundred day moving average is $424.95. Microsoft Co. has a 12 month low of $385.58 and a 12 month 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.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same quarter last year, the firm posted $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday. DA Davidson reissued a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a research note on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $509.72.

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.