Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by Mattern Wealth Management LLC

Mattern Wealth Management LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,590 shares of the software giant’s stock after selling 374 shares during the period. Microsoft makes up approximately 5.7% of Mattern Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Mattern Wealth Management LLC’s holdings in Microsoft were worth $26,072,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MSFT. Rebalance LLC boosted its position in 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 buying an additional 24 shares during the last quarter. First National Bank Sioux Falls raised its holdings in shares of Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares during the last quarter. Flagship Private Wealth LLC lifted its position in Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the period. Massachusetts Wealth Management boosted its holdings in Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after purchasing an additional 25 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in Microsoft by 0.8% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MSFT shares. Citigroup lowered their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research report on Monday, September 23rd. Finally, Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $505.43.

Microsoft Stock Up 1.0 %

NASDAQ MSFT opened at $451.59 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52 week low of $366.50 and a 52 week high of $468.35. The business’s fifty day simple moving average is $425.00 and its 200-day simple moving average is $427.76. The firm has a market cap of $3.36 trillion, a PE ratio of 37.26, a P/E/G ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share 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%. Microsoft’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its board has initiated a stock buyback program 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 programs are generally an indication that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

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.