ERTS Wealth Advisors LLC Sells 203 Shares of Microsoft Co. (NASDAQ:MSFT)

ERTS Wealth Advisors LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,785 shares of the software giant’s stock after selling 203 shares during the quarter. Microsoft comprises approximately 0.5% of ERTS Wealth Advisors LLC’s portfolio, making the stock its 20th biggest holding. ERTS Wealth Advisors LLC’s holdings in Microsoft were worth $2,586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Norges Bank bought a new stake in Microsoft during the 4th quarter valued at $35,920,047,000. Vanguard Group Inc. raised its holdings in Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after acquiring an additional 15,701,937 shares during the period. Swedbank AB bought a new stake in Microsoft during the 1st quarter valued at $5,587,119,000. TCI Fund Management Ltd. bought a new stake in Microsoft during the 4th quarter valued at $4,000,376,000. Finally, Canada Pension Plan Investment Board raised its holdings in Microsoft by 77.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after acquiring an additional 2,744,900 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the transaction, the executive vice president now directly owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock valued at $77,916,485 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $431.34 on Tuesday. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The company has a 50-day moving average price of $422.80 and a 200-day moving average price of $423.60. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on MSFT shares. Argus upped their price target on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Citigroup decreased their price target on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company upped their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Mizuho upped their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, TD Cowen upped their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

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.