Microsoft Co. (NASDAQ:MSFT) is Bridge Creek Capital Management LLC’s 2nd Largest Position

Bridge Creek Capital Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,179 shares of the software giant’s stock after selling 387 shares during the period. Microsoft accounts for approximately 3.8% of Bridge Creek Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Bridge Creek Capital Management LLC’s holdings in Microsoft were worth $10,972,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MSFT. DGS Capital Management LLC grew its stake in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares during the period. Altus Wealth Group LLC lifted its holdings in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares in the last quarter. Powell Investment Advisors LLC lifted its holdings in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in shares of Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $399.12 on Friday. The firm’s 50 day moving average is $414.86 and its two-hundred day moving average is $384.83. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. The firm has a market capitalization of $2.97 trillion, a P/E ratio of 36.09, a PEG ratio of 2.20 and a beta of 0.89. 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 announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share. Analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a report on Thursday, January 18th. Morgan Stanley lifted their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. KeyCorp began coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective on the stock. Finally, Macquarie boosted their price objective on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $432.13.

Microsoft 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.