American International Group Inc. Has $875.53 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

American International Group Inc. lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,328,282 shares of the software giant’s stock after selling 6,317 shares during the period. Microsoft comprises about 3.6% of American International Group Inc.’s portfolio, making the stock its 2nd largest holding. American International Group Inc.’s holdings in Microsoft were worth $875,527,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Friedenthal Financial acquired a new stake in Microsoft in the 4th quarter worth about $45,000. Neo Ivy Capital Management acquired a new stake in Microsoft in the 4th quarter worth about $58,000. PayPay Securities Corp raised its stake in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its stake in Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after purchasing an additional 143 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new stake in Microsoft in the 3rd quarter worth about $87,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.2 %

Shares of Microsoft stock traded up $0.99 during trading on Friday, reaching $442.57. 13,581,985 shares of the company traded hands, compared to its average volume of 17,602,950. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $443.40. The company has a 50 day moving average price of $417.71 and a 200-day moving average price of $404.64. The firm has a market capitalization of $3.29 trillion, a PE ratio of 38.32, a P/E/G ratio of 2.34 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its earnings results 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. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the previous year, the company earned $2.45 EPS. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.68%. Microsoft’s payout ratio is presently 25.97%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, March 25th. The Goldman Sachs Group boosted their target price on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, April 26th. New Street Research began coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $465.83.

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.