Schwerin Boyle Capital Management Inc. Sells 300 Shares of Microsoft Co. (NASDAQ:MSFT)

Schwerin Boyle Capital Management Inc. cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,810 shares of the software giant’s stock after selling 300 shares during the quarter. Microsoft makes up about 1.0% of Schwerin Boyle Capital Management Inc.’s investment portfolio, making the stock its 28th biggest position. Schwerin Boyle Capital Management Inc.’s holdings in Microsoft were worth $9,748,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MSFT. Rebalance LLC boosted its holdings in shares of Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares during the period. First National Bank Sioux Falls raised its stake in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after buying an additional 24 shares in the last quarter. Doheny Asset Management CA raised its stake in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after buying an additional 25 shares in the last quarter. Flagship Private Wealth LLC raised its stake in Microsoft by 2.8% in the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after buying an additional 25 shares in the last quarter. Finally, Massachusetts Wealth Management raised its stake in Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other news, CFO Amy Hood sold 38,000 shares of Microsoft 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 sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on 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 owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Amy Hood sold 38,000 shares of Microsoft 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 over the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. BMO Capital Markets reduced their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Sanford C. Bernstein decreased their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Stock Down 0.7 %

Shares of MSFT opened at $422.54 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $360.36 and a 12 month high of $468.35. The stock’s 50 day moving average is $421.09 and its two-hundred day moving average is $424.95. The firm has a market cap of $3.14 trillion, a P/E ratio of 34.86, a PEG ratio of 2.23 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the company earned $2.99 earnings per share. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft declared that its Board of Directors has approved a share buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s payout ratio is currently 24.75%.

Microsoft 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.