Private Wealth Partners LLC Sells 13,410 Shares of Microsoft Co. (NASDAQ:MSFT)

Private Wealth Partners LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 264,236 shares of the software giant’s stock after selling 13,410 shares during the period. Microsoft accounts for 8.8% of Private Wealth Partners LLC’s investment portfolio, making the stock its 2nd largest position. Private Wealth Partners LLC’s holdings in Microsoft were worth $118,100,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Harbor Financial Group LLC boosted its stake in Microsoft by 55.9% during the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after buying an additional 450 shares during the last quarter. True Link Financial Advisors LLC boosted its stake in Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after buying an additional 2,264 shares during the last quarter. AMG National Trust Bank boosted its stake in Microsoft by 19.0% during the second quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock worth $36,427,000 after buying an additional 12,994 shares during the last quarter. Spinnaker Investment Group LLC boosted its stake in Microsoft by 2.7% during the first quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock worth $5,268,000 after buying an additional 326 shares during the last quarter. Finally, Leeward Financial Partners LLC boosted its stake in Microsoft by 15.8% during the first quarter. Leeward Financial Partners LLC now owns 35,610 shares of the software giant’s stock worth $14,982,000 after buying an additional 4,861 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. 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 in the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Down 0.4 %

MSFT opened at $426.59 on Tuesday. Microsoft Co. has a one year low of $331.83 and a one year high of $468.35. The company has a market cap of $3.17 trillion, a P/E ratio of 36.12, a PEG ratio of 2.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The business’s 50-day simple moving average is $420.70 and its 200-day simple moving average is $424.58.

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

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally 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. Investors of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is 25.40%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MSFT shares. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday. Sanford C. Bernstein decreased their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday. Wedbush reaffirmed an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. Bank of America upped 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. Finally, Morgan Stanley reissued an “overweight” rating and set a $506.00 target price on shares of Microsoft in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $502.97.

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.