Microsoft Co. (NASDAQ:MSFT) is Kennebec Savings Bank’s 2nd Largest Position

Kennebec Savings Bank reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,835 shares of the software giant’s stock after selling 798 shares during the quarter. Microsoft accounts for approximately 5.4% of Kennebec Savings Bank’s portfolio, making the stock its 2nd largest holding. Kennebec Savings Bank’s holdings in Microsoft were worth $5,355,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $38,000. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the period. IFS Advisors LLC raised its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth $62,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $393.08 on Tuesday. The firm has a market capitalization of $2.92 trillion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a 50-day simple moving average of $408.34 and a two-hundred day simple moving average of $419.63. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the company posted $2.93 earnings per share. On average, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Stifel Nicolaus reduced their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Morgan Stanley lowered their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho lowered their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.59.

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.