One Plus One Wealth Management LLC Sells 245 Shares of Microsoft Co. (NASDAQ:MSFT)

One Plus One Wealth Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,890 shares of the software giant’s stock after selling 245 shares during the period. Microsoft makes up 1.4% of One Plus One Wealth Management LLC’s holdings, making the stock its 24th largest position. One Plus One Wealth Management LLC’s holdings in Microsoft were worth $2,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Friedenthal Financial bought a new stake in shares of Microsoft during the 4th quarter valued at $45,000. Neo Ivy Capital Management bought a new stake in shares of Microsoft in the 4th quarter valued at $58,000. PayPay Securities Corp increased its position in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at $86,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Microsoft in the 3rd quarter valued at $87,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following 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. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 in the last three months. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective for the company. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. The Goldman Sachs Group increased their target price on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 target price on shares of Microsoft in a report on Monday, April 22nd. Finally, Tigress Financial increased their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Microsoft Stock Up 0.9 %

Microsoft stock opened at $449.78 on Monday. The stock has a market cap of $3.34 trillion, a P/E ratio of 38.94, a P/E/G ratio of 2.35 and a beta of 0.89. 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 Co. has a twelve month low of $309.45 and a twelve month high of $450.94. The company’s 50-day moving average price is $419.96 and its two-hundred day moving average price is $407.44.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The firm 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%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.45 EPS. As a group, analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.67%. Microsoft’s dividend payout ratio 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.