Cravens & Co Advisors LLC Sells 318 Shares of Microsoft Co. (NASDAQ:MSFT)

Cravens & Co Advisors LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,837 shares of the software giant’s stock after selling 318 shares during the quarter. Microsoft accounts for about 1.7% of Cravens & Co Advisors LLC’s investment portfolio, making the stock its 12th largest position. Cravens & Co Advisors LLC’s holdings in Microsoft were worth $2,035,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MSFT. Friedenthal Financial bought a new stake in Microsoft during the fourth quarter worth about $45,000. Neo Ivy Capital Management purchased a new position in shares of Microsoft during the 4th quarter valued at about $58,000. PayPay Securities Corp boosted its stake in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares in the last quarter. Cooksen Wealth LLC bought a new position in Microsoft during the fourth quarter valued at approximately $86,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft during the third quarter worth approximately $87,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MSFT. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Sanford C. Bernstein lifted their price objective on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday. New Street Research assumed coverage on Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Finally, UBS Group reissued a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Three 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $465.83.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the 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 sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.5 %

Microsoft stock opened at $446.34 on Thursday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $450.94. The company has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The business’s fifty day simple moving average is $419.05 and its two-hundred day simple moving average is $406.10. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

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

Microsoft Dividend Announcement

The company also recently declared 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. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

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.