Microsoft Co. (NASDAQ:MSFT) Shares Sold by Pflug Koory LLC

Pflug Koory LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,040 shares of the software giant’s stock after selling 759 shares during the quarter. Microsoft accounts for approximately 3.3% of Pflug Koory LLC’s investment portfolio, making the stock its 4th largest holding. Pflug Koory LLC’s holdings in Microsoft were worth $6,748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Friedenthal Financial purchased a new position in Microsoft during the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new position in Microsoft during the fourth quarter valued at approximately $58,000. PayPay Securities Corp raised its position in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Microsoft during the fourth quarter valued at approximately $86,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in Microsoft during the third quarter valued at approximately $87,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $452.16 on Thursday. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $453.60. The business’s fifty day simple moving average is $421.37 and its 200-day simple moving average is $408.52. The firm has a market cap of $3.36 trillion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 2.38 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 (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating 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 business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the company posted $2.45 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors 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 dividend yield of 0.66%. Microsoft’s dividend payout ratio is presently 25.97%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was 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 owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was 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 owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. DA Davidson reiterated a “buy” rating and set a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. BMO Capital Markets boosted their price objective on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Macquarie boosted their price objective on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Citigroup boosted their price objective on Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Finally, 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. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $467.12.

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.