Microsoft Co. (NASDAQ:MSFT) Shares Sold by Country Club Bank

Country Club Bank reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 93,470 shares of the software giant’s stock after selling 463 shares during the quarter. Microsoft accounts for 2.7% of Country Club Bank’s investment portfolio, making the stock its 4th largest position. Country Club Bank’s holdings in Microsoft were worth $40,007,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $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 a total of 41,200 shares of company stock worth $17,383,892 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.1 %

Shares of NASDAQ MSFT opened at $436.60 on Monday. Microsoft Co. has a 52 week low of $366.50 and a 52 week high of $468.35. The business has a 50 day simple moving average of $427.02 and a 200 day simple moving average of $428.42. The stock has a market cap of $3.25 trillion, a price-to-earnings ratio of 36.02, a PEG ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.99 EPS. On average, research analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its Board of Directors has initiated a stock buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s payout ratio is presently 27.39%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Mizuho upped their price target on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Sanford C. Bernstein decreased their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Piper Sandler reiterated an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research note on Thursday, October 31st. Morgan Stanley raised their price target on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $508.46.

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.