Moisand Fitzgerald Tamayo LLC Sells 51 Shares of Microsoft Co. (NASDAQ:MSFT)

Moisand Fitzgerald Tamayo LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,317 shares of the software giant’s stock after selling 51 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Microsoft were worth $2,288,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CCM Investment Advisers LLC grew its stake in shares of Microsoft by 1.3% during the 3rd quarter. CCM Investment Advisers LLC now owns 68,349 shares of the software giant’s stock valued at $29,411,000 after purchasing an additional 902 shares during the period. San Luis Wealth Advisors LLC grew its stake in shares of Microsoft by 10.4% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 22,661 shares of the software giant’s stock valued at $9,751,000 after acquiring an additional 2,136 shares during the period. Albion Financial Group UT raised its stake in Microsoft by 1.0% during the 3rd quarter. Albion Financial Group UT now owns 139,434 shares of the software giant’s stock worth $59,999,000 after acquiring an additional 1,367 shares during the period. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Finally, Westwind Capital raised its position in shares of Microsoft by 248.8% during the 3rd quarter. Westwind Capital now owns 56,743 shares of the software giant’s stock valued at $24,417,000 after purchasing an additional 40,475 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This trade represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s 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 directly owns 50,000 shares in the company, valued at $20,552,000. This represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 209,431 shares of company stock worth $85,796,688. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MSFT shares. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. Finally, Citigroup decreased their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Stock Performance

Shares of MSFT stock opened at $427.99 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market cap of $3.18 trillion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.21 and a beta of 0.91. The stock’s 50-day moving average is $421.54 and its two-hundred day moving average is $426.44. Microsoft Co. has a 1 year low of $362.90 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping 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 business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the prior year, the business earned $2.99 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its board has approved a stock buyback plan 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 plans are typically a sign that the company’s management 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 paid a $0.83 dividend. 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 dividend payout ratio (DPR) is 27.39%.

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.