Brown Brothers Harriman & Co. Sells 55,838 Shares of Microsoft Co. (NASDAQ:MSFT)
Brown Brothers Harriman & Co. cut its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,728,366 shares of the software giant’s stock after selling 55,838 shares during the period. Microsoft comprises about 4.7% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 2nd largest position. Brown Brothers Harriman & Co.’s holdings in Microsoft were worth $588,578,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the first quarter worth $28,000. Syverson Strege & Co increased its position in shares of Microsoft by 157.0% during the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after acquiring an additional 124 shares in the last quarter. MayTech Global Investments LLC bought a new stake in shares of Microsoft during the fourth quarter worth $83,000. Beutel Goodman & Co Ltd. increased its position in shares of Microsoft by 57.5% during the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares in the last quarter. Finally, Alapocas Investment Partners Inc. bought a new stake in shares of Microsoft during the first quarter worth $97,000. 69.20% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance
NASDAQ MSFT opened at $374.51 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.78 trillion, a P/E ratio of 36.25, a P/E/G ratio of 2.52 and a beta of 0.90. Microsoft Co. has a 12-month low of $219.35 and a 12-month high of $384.30. The firm has a 50-day moving average price of $345.93 and a two-hundred day moving average price of $336.58.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.34. The firm had revenue of $56.52 billion during the quarter, compared to the consensus estimate of $54.52 billion. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.35 EPS. Analysts anticipate that Microsoft Co. will post 11.13 earnings per share for the current year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 29.04%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MSFT. Redburn Partners lowered their price objective on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a research report on Friday, August 11th. StockNews.com assumed coverage on shares of Microsoft in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Barclays lifted their price target on shares of Microsoft from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. HSBC upgraded shares of Microsoft from a “hold” rating to a “buy” rating and lifted their price target for the company from $347.00 to $413.00 in a research note on Thursday, October 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $425.00 price target on shares of Microsoft in a research note on Wednesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $389.95.
Read Our Latest Stock 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 office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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