Microsoft Co. (NASDAQ:MSFT) is First Bancorp Inc ME’s 6th Largest Position

First Bancorp Inc ME decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,278 shares of the software giant’s stock after selling 224 shares during the quarter. Microsoft accounts for approximately 3.4% of First Bancorp Inc ME’s portfolio, making the stock its 6th largest position. First Bancorp Inc ME’s holdings in Microsoft were worth $4,241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hibernia Wealth Partners LLC purchased a new position in shares of Microsoft during the third quarter worth about $69,000. Iron Horse Wealth Management LLC lifted its position in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Microsoft in the 3rd quarter worth approximately $87,000. Family CFO Inc lifted its position in Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares during the last quarter. Finally, Cordant Inc. lifted its position in Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after buying an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price for the company in a research report on Thursday, January 18th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Morgan Stanley boosted their price objective on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Raymond James boosted their price objective on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $434.05.

Microsoft Trading Down 2.4 %

NASDAQ MSFT opened at $399.04 on Friday. Microsoft Co. has a 12 month low of $292.73 and a 12 month high of $430.82. The stock has a market cap of $2.97 trillion, a P/E ratio of 36.08, a P/E/G ratio of 2.20 and a beta of 0.89. The stock’s fifty day moving average price is $414.44 and its 200-day moving average price is $387.17. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same period in the prior year, the firm posted $2.32 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s dividend payout ratio is currently 27.12%.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Insiders own 0.03% of the company’s stock.

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.