Arbor Trust Wealth Advisors LLC Sells 136 Shares of Microsoft Co. (NASDAQ:MSFT)

Arbor Trust Wealth Advisors LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,436 shares of the software giant’s stock after selling 136 shares during the quarter. Microsoft makes up approximately 3.4% of Arbor Trust Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest position. Arbor Trust Wealth Advisors LLC’s holdings in Microsoft were worth $6,452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MSFT. Leibman Financial Services Inc. boosted its stake in shares of Microsoft by 0.9% in the first quarter. Leibman Financial Services Inc. now owns 9,745 shares of the software giant’s stock valued at $4,100,000 after buying an additional 90 shares during the period. VERITY Wealth Advisors lifted its stake in Microsoft by 3.5% during the first quarter. VERITY Wealth Advisors now owns 9,141 shares of the software giant’s stock worth $3,846,000 after purchasing an additional 312 shares during the last quarter. CWM LLC lifted its stake in Microsoft by 6.2% during the first quarter. CWM LLC now owns 818,261 shares of the software giant’s stock worth $344,259,000 after purchasing an additional 47,704 shares during the last quarter. Madison Park Capital Advisors LLC lifted its stake in Microsoft by 0.6% during the first quarter. Madison Park Capital Advisors LLC now owns 14,215 shares of the software giant’s stock worth $5,981,000 after purchasing an additional 86 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC lifted its stake in Microsoft by 9.2% during the first quarter. Norman Fields Gottscho Capital Management LLC now owns 3,494 shares of the software giant’s stock worth $1,470,000 after purchasing an additional 294 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This 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 have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.3 %

Shares of Microsoft stock opened at $418.16 on Friday. 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 Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The company’s fifty day simple moving average is $419.66 and its 200-day simple moving average is $424.49. The stock has a market capitalization of $3.11 trillion, a PE ratio of 36.20, a P/E/G ratio of 2.22 and a beta of 0.90.

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

Microsoft declared that its board has approved a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is currently 28.74%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wedbush restated an “underperform” rating on shares of Microsoft in a research note on Friday. Bank of America increased their price target on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Tuesday, October 8th. BMO Capital Markets increased their price target on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Finally, The Goldman Sachs Group decreased their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $495.68.

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.