Microsoft Co. (NASDAQ:MSFT) Shares Sold by Diversified Portfolios Inc.

Diversified Portfolios Inc. trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,535 shares of the software giant’s stock after selling 25 shares during the quarter. Diversified Portfolios Inc.’s holdings in Microsoft were worth $1,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its position in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP acquired a new position in shares of Microsoft during the 2nd quarter worth about $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the 2nd quarter worth about $75,000. Carolina Wealth Advisors LLC boosted its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft during the 2nd quarter worth about $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research reports. KeyCorp boosted their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Mizuho boosted their target price on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. TD Cowen reduced their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $512.93.

Check Out Our Latest Analysis on MSFT

Insider Activity at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $429.03 on Monday. The company has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The stock has a 50 day simple moving average of $429.32 and a 200-day simple moving average of $426.37. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $64.57 billion. During the same period in the prior year, the business posted $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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