WealthBridge Capital Management LLC Sells 547 Shares of Microsoft Co. (NASDAQ:MSFT)

WealthBridge Capital Management LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,520 shares of the software giant’s stock after selling 547 shares during the period. Microsoft accounts for about 1.7% of WealthBridge Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. WealthBridge Capital Management LLC’s holdings in Microsoft were worth $5,149,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Rebalance LLC lifted its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares in the last quarter. First National Bank Sioux Falls lifted its stake in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares in the last quarter. Partnership Wealth Management LLC boosted its holdings in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after buying an additional 25 shares during the period. Doheny Asset Management CA increased its position in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after acquiring an additional 25 shares in the last quarter. Finally, Flagship Private Wealth LLC raised its holdings in shares of Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

NASDAQ:MSFT opened at $416.72 on Friday. The company has a market cap of $3.10 trillion, a P/E ratio of 36.08, a P/E/G ratio of 2.22 and a beta of 0.90. The firm’s fifty day moving average price is $419.42 and its two-hundred day moving average price is $424.54. Microsoft Co. has a one year low of $324.39 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 EPS. Equities analysts expect that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft declared that its Board of Directors has approved a stock buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is 28.74%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Argus boosted their target price on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. BMO Capital Markets upped their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Finally, UBS Group cut their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $495.68.

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.