Microsoft Co. (NASDAQ:MSFT) Shares Sold by Napa Wealth Management

Napa Wealth Management lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,542 shares of the software giant’s stock after selling 128 shares during the quarter. Microsoft accounts for 0.9% of Napa Wealth Management’s portfolio, making the stock its 25th largest position. Napa Wealth Management’s holdings in Microsoft were worth $1,954,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp boosted its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Nicholas Investment Partners LP grew its position in Microsoft by 3.0% during the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after purchasing an additional 1,164 shares during the period. Sather Financial Group Inc raised its stake in shares of Microsoft by 3.5% during the 2nd quarter. Sather Financial Group Inc now owns 255,923 shares of the software giant’s stock valued at $114,385,000 after buying an additional 8,642 shares during the last quarter. Finally, Secure Asset Management LLC lifted its holdings in shares of Microsoft by 33.6% in the 2nd quarter. Secure Asset Management LLC now owns 22,506 shares of the software giant’s stock valued at $10,059,000 after buying an additional 5,664 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $444.06 on Friday. The company’s 50-day moving average is $430.47 and its two-hundred day moving average is $425.69. The firm has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (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 during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets cut their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, Sanford C. Bernstein reduced their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $512.66.

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.