Microsoft Co. (NASDAQ:MSFT) Shares Sold by My Legacy Advisors LLC

My Legacy Advisors LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 16.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,783 shares of the software giant’s stock after selling 3,691 shares during the quarter. Microsoft accounts for about 3.2% of My Legacy Advisors LLC’s investment portfolio, making the stock its 4th largest holding. My Legacy Advisors LLC’s holdings in Microsoft were worth $8,082,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc grew its position in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft during the second quarter worth approximately $45,000. Innealta Capital LLC bought a new position in Microsoft in the 2nd quarter worth approximately $75,000. Bellevue Group AG increased its position in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Finally, Carolina Wealth Advisors LLC lifted its holdings in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MSFT shares. Piper Sandler reissued an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a research note on Thursday, October 31st. UBS Group dropped their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley increased their price objective on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $505.43.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 1.0 %

Microsoft stock opened at $451.59 on Tuesday. Microsoft Co. has a fifty-two week low of $366.50 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a market cap of $3.36 trillion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.38 and a beta of 0.90. The firm has a fifty day moving average price of $425.00 and a two-hundred day moving average price of $427.76.

Microsoft (NASDAQ:MSFT) last issued 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 company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the business posted $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft declared that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.