Microsoft Co. (NASDAQ:MSFT) Shares Sold by Element Pointe Advisors LLC

Element Pointe Advisors LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,863 shares of the software giant’s stock after selling 27 shares during the period. Microsoft comprises about 0.8% of Element Pointe Advisors LLC’s holdings, making the stock its 17th biggest holding. Element Pointe Advisors LLC’s holdings in Microsoft were worth $3,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Rebalance LLC boosted its position 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 acquiring an additional 24 shares during the period. First National Bank Sioux Falls raised its position in Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after purchasing an additional 24 shares in the last quarter. Doheny Asset Management CA raised its holdings in shares of Microsoft by 0.4% during the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares in the last quarter. Flagship Private Wealth LLC lifted its holdings in shares of Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after acquiring an additional 25 shares during the last quarter. Finally, Massachusetts Wealth Management grew its stake in shares of Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Satya Nadella sold 14,398 shares of the firm’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 transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Down 1.1 %

NASDAQ MSFT opened at $418.01 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $421.09 and its 200 day moving average is $425.19. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. The stock has a market cap of $3.11 trillion, a PE ratio of 34.49, a P/E/G ratio of 2.24 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 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 company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the company earned $2.99 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 12.94 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors 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 given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.79%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSFT shares. Wedbush restated an “underperform” rating on shares of Microsoft in a report on Friday, October 18th. BMO Capital Markets decreased their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Morgan Stanley lifted their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Sanford C. Bernstein lowered their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. One equities 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’s stock. According to MarketBeat.com, the company 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.