Intrepid Financial Planning Group LLC Has $3.22 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Intrepid Financial Planning Group LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,211 shares of the software giant’s stock after selling 151 shares during the quarter. Microsoft makes up 1.4% of Intrepid Financial Planning Group LLC’s holdings, making the stock its 18th biggest holding. Intrepid Financial Planning Group LLC’s holdings in Microsoft were worth $3,223,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Swedbank AB bought a new position in Microsoft in the first quarter valued at about $5,587,119,000. Wulff Hansen & CO. raised its position in Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Vanguard Group Inc. raised its position in Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Microsoft by 77.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. Finally, M&G Plc bought a new position in Microsoft in the first quarter valued at about $846,072,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the 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 sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at $61,843,807.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were 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 in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MSFT shares. The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research report on Monday, September 23rd. TD Cowen lowered their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Wedbush restated an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Stock Performance

Shares of MSFT opened at $411.46 on Wednesday. The firm has a market cap of $3.06 trillion, a PE ratio of 33.95, a PEG ratio of 2.16 and a beta of 0.91. The stock’s fifty day moving average price is $420.55 and its two-hundred day moving average price is $424.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1 year low of $353.35 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.99 EPS. On average, equities research analysts forecast that Microsoft Co. will post 12.96 EPS for the current year.

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

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio is 24.75%.

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.