Priebe Wealth Holdings LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Priebe Wealth Holdings LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,155 shares of the software giant’s stock after selling 33 shares during the quarter. Microsoft accounts for 0.7% of Priebe Wealth Holdings LLC’s holdings, making the stock its 19th largest holding. Priebe Wealth Holdings LLC’s holdings in Microsoft were worth $906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Friedenthal Financial bought a new position in shares of Microsoft during the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new position in Microsoft in the fourth quarter valued at about $58,000. PayPay Securities Corp raised its holdings 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 purchasing an additional 36 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after acquiring an additional 143 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 2.2 %

MSFT opened at $456.73 on Tuesday. 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 $457.37. The company has a market cap of $3.39 trillion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The company has a 50-day moving average price of $424.11 and a 200 day moving average price of $410.15.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 37.54% and a net margin of 36.43%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Sell-side analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Oppenheimer increased their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Wednesday, May 22nd. Citigroup lifted their price objective on shares of Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Jefferies Financial Group raised their target price on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Morgan Stanley boosted their price target on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of Microsoft 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 owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 over the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Company 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.