Microsoft Co. (NASDAQ:MSFT) Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 74.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,573 shares of the software giant’s stock after selling 42,016 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Microsoft were worth $6,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Friedenthal Financial acquired a new position in shares of Microsoft during the fourth quarter valued at $45,000. Neo Ivy Capital Management acquired a new position in Microsoft during the 4th quarter valued at about $58,000. PayPay Securities Corp grew its position in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the last quarter. Cooksen Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $86,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 1.3 %

Shares of Microsoft stock opened at $446.95 on Friday. 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 Co. has a 1 year low of $309.45 and a 1 year high of $456.17. The stock has a 50-day moving average price of $424.11 and a 200 day moving average price of $409.90. The company has a market cap of $3.32 trillion, a P/E ratio of 38.70, a P/E/G ratio of 2.39 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during 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 firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. As a group, analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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. Over the last ninety days, insiders sold 25,566 shares of company stock worth $10,877,535. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, June 21st. The Goldman Sachs Group raised their price target on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. New Street Research began coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Finally, Oppenheimer upped their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $467.12.

About Microsoft

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.