Grand Wealth Management LLC Sells 1,321 Shares of Microsoft Co. (NASDAQ:MSFT)

Grand Wealth Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 48.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,429 shares of the software giant’s stock after selling 1,321 shares during the period. Microsoft accounts for approximately 0.4% of Grand Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Grand Wealth Management LLC’s holdings in Microsoft were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. New Harbor Financial Group LLC boosted its position in shares of Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after acquiring an additional 450 shares during the last quarter. AMG National Trust Bank raised its position in shares of Microsoft by 19.0% during the 2nd quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock valued at $36,427,000 after buying an additional 12,994 shares in the last quarter. True Link Financial Advisors LLC lifted its holdings in shares of Microsoft by 296.7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares during the last quarter. Spinnaker Investment Group LLC increased 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 acquiring an additional 326 shares during the last quarter. Finally, Leeward Financial Partners LLC increased its position in shares of Microsoft by 15.8% during the 1st quarter. Leeward Financial Partners LLC now owns 35,610 shares of the software giant’s stock valued at $14,982,000 after purchasing an additional 4,861 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 78,353 shares of the business’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 transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho upped their target price on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Citigroup cut their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a report on Monday, September 23rd. Morgan Stanley restated an “overweight” rating and set a $506.00 target price on shares of Microsoft in a research note on Tuesday, September 17th. Finally, Argus increased their price target on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $502.97.

Microsoft Trading Up 1.3 %

Shares of NASDAQ:MSFT opened at $431.95 on Wednesday. The company has a market capitalization of $3.21 trillion, a PE ratio of 36.57, a PEG ratio of 2.24 and a beta of 0.90. Microsoft Co. has a 12-month low of $331.83 and a 12-month high of $468.35. The business has a 50 day moving average of $420.84 and a two-hundred day moving average of $424.65. 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 (NASDAQ:MSFT) last posted its 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 firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $2.69 EPS. As a group, analysts forecast that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft announced that its board has approved a stock buyback plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 28.11%.

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.