Microsoft Co. (NASDAQ:MSFT) Shares Sold by Annandale Capital LLC

Annandale Capital LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,198 shares of the software giant’s stock after selling 44 shares during the quarter. Microsoft makes up about 1.8% of Annandale Capital LLC’s investment portfolio, making the stock its 13th biggest position. Annandale Capital LLC’s holdings in Microsoft were worth $10,368,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the period. Innealta Capital LLC bought a new stake in shares of Microsoft in the second quarter worth $75,000. Bellevue Group AG grew its stake in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Bbjs Financial Advisors LLC lifted its stake in Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft during the second quarter worth about $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSFT. BMO Capital Markets reduced their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Finally, TD Cowen cut their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Price Performance

Microsoft stock opened at $425.20 on Thursday. The business’s 50-day simple moving average is $421.38 and its 200 day simple moving average is $425.44. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 0.91. Microsoft Co. has a 12-month low of $362.90 and a 12-month high of $468.35.

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

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s payout ratio is presently 24.75%.

Microsoft announced that its Board of Directors has initiated a stock repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,829 shares of company stock worth $80,966,837 in the last three months. Insiders own 0.03% of the company’s stock.

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.