Microsoft Co. (NASDAQ:MSFT) is Van Cleef Asset Management Inc’s 5th Largest Position

Van Cleef Asset Management Inc reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,454 shares of the software giant’s stock after selling 1,473 shares during the period. Microsoft comprises about 5.4% of Van Cleef Asset Management Inc’s holdings, making the stock its 5th largest holding. Van Cleef Asset Management Inc’s holdings in Microsoft were worth $32,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Trust Asset Management LLC boosted its position in shares of Microsoft by 79.7% during the third quarter. Trust Asset Management LLC now owns 38,691 shares of the software giant’s stock worth $8,138,000 after buying an additional 17,157 shares during the period. Walkner Condon Financial Advisors LLC purchased a new position in shares of Microsoft during the third quarter worth $2,507,000. United Bank boosted its position in shares of Microsoft by 6.6% during the third quarter. United Bank now owns 18,657 shares of the software giant’s stock worth $3,924,000 after buying an additional 1,149 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Microsoft by 15.2% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 962,435 shares of the software giant’s stock valued at $202,428,000 after acquiring an additional 126,646 shares in the last quarter. Finally, Bellevue Asset Management LLC raised its stake in shares of Microsoft by 839.7% in the third quarter. Bellevue Asset Management LLC now owns 178,195 shares of the software giant’s stock valued at $37,480,000 after acquiring an additional 159,232 shares in the last quarter. Institutional investors and hedge funds own 69.01% of the company’s stock.

In other Microsoft news, EVP Jean Philippe Courtois sold 18,358 shares of Microsoft stock in a transaction that occurred on Thursday, January 28th. The stock was sold at an average price of $239.60, for a total value of $4,398,576.80. Following the sale, the executive vice president now owns 593,915 shares of the company’s stock, valued at approximately $142,302,034. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emma N. Walmsley acquired 4,300 shares of the stock in a transaction on Wednesday, March 10th. The stock was acquired at an average cost of $236.80 per share, for a total transaction of $1,018,240.00. Following the acquisition, the director now directly owns 5,026 shares in the company, valued at approximately $1,190,156.80. The disclosure for this purchase can be found here. Company insiders own 0.05% of the company’s stock.

Several analysts have recently issued reports on the company. Pritchard Capital increased their price objective on Microsoft from $272.00 to $292.00 and gave the company a “buy” rating in a research note on Wednesday, January 27th. JPMorgan Chase & Co. increased their price objective on Microsoft from $220.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price objective on shares of Microsoft in a research note on Tuesday, February 2nd. Argus increased their price objective on Microsoft from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. Finally, Credit Suisse Group started coverage on Microsoft in a research note on Monday. They issued an “outperform” rating and a $265.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $268.28.

NASDAQ MSFT opened at $249.90 on Thursday. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. Microsoft Co. has a 52-week low of $162.30 and a 52-week high of $250.93. The business’s 50-day moving average price is $235.85 and its 200 day moving average price is $222.92. The firm has a market cap of $1.88 trillion, a P/E ratio of 40.37, a P/E/G ratio of 2.44 and a beta of 0.83.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Monday, January 25th. The software giant reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.39. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The firm had revenue of $43.08 billion for the quarter, compared to analyst estimates of $40.23 billion. During the same quarter last year, the company posted $1.51 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 6.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 20th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, May 19th. Microsoft’s dividend payout ratio is currently 38.89%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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