Microsoft Co. (NASDAQ:MSFT) is Clear Creek Financial Management LLC’s 10th Largest Position

Clear Creek Financial Management LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,249 shares of the software giant’s stock after selling 1,386 shares during the quarter. Microsoft makes up approximately 1.4% of Clear Creek Financial Management LLC’s holdings, making the stock its 10th biggest position. Clear Creek Financial Management LLC’s holdings in Microsoft were worth $11,038,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MSFT. Norges Bank bought a new position in shares of Microsoft during the 4th quarter valued at approximately $35,920,047,000. International Assets Investment Management LLC bought a new position in shares of Microsoft during the 4th quarter valued at approximately $9,625,201,000. Vanguard Group Inc. grew its stake in shares of Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after acquiring an additional 15,701,937 shares during the period. TCI Fund Management Ltd. bought a new position in Microsoft in the 4th quarter worth approximately $4,000,376,000. Finally, FMR LLC boosted its stake in Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after purchasing an additional 5,762,902 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.9 %

NASDAQ:MSFT traded up $3.96 during midday trading on Friday, hitting $464.73. The stock had a trading volume of 4,768,793 shares, compared to its average volume of 20,646,543. Microsoft Co. has a one year low of $309.45 and a one year high of $467.07. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 40.20, a PEG ratio of 2.17 and a beta of 0.89. The stock has a 50-day moving average of $428.53 and a 200 day moving average of $412.10. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Microsoft’s revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.65%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MSFT. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Jefferies Financial Group increased their price target on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. JPMorgan Chase & Co. increased their target price on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Tigress Financial boosted their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $467.12.

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.