Microsoft Co. (NASDAQ:MSFT) Shares Sold by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,913 shares of the software giant’s stock after selling 212 shares during the quarter. Microsoft makes up about 2.9% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 3rd largest holding. RPg Family Wealth Advisory LLC’s holdings in Microsoft were worth $8,900,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MSFT. New Harbor Financial Group LLC increased its holdings in shares of Microsoft by 55.9% in the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after purchasing an additional 450 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Microsoft by 25.7% in the second quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock valued at $112,031,000 after purchasing an additional 51,273 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of Microsoft by 19.0% in the second quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock valued at $36,427,000 after purchasing an additional 12,994 shares during the last quarter. True Link Financial Advisors LLC increased its holdings in shares of Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Spinnaker Investment Group LLC increased its holdings in shares of Microsoft by 2.7% in the first quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock valued at $5,268,000 after purchasing an additional 326 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.0 %

NASDAQ:MSFT opened at $410.37 on Monday. The firm has a market cap of $3.05 trillion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91. The stock has a fifty day moving average price of $420.69 and a 200 day moving average price of $424.71. Microsoft Co. has a 12-month low of $344.77 and a 12-month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the business posted $2.99 earnings per share. Microsoft’s revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 12.98 earnings per share for the current fiscal year.

Microsoft announced that its board has approved a share buyback program 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date 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 yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’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 sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $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 is available at this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’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 sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $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 is available at this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. UBS Group cut their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday. KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. The Goldman Sachs Group lowered their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

About Microsoft

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.