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

Aberdeen Wealth Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 13,262 shares of the software giant’s stock after selling 440 shares during the period. Microsoft accounts for approximately 3.7% of Aberdeen Wealth Management LLC’s portfolio, making the stock its 4th largest position. Aberdeen Wealth Management LLC’s holdings in Microsoft were worth $5,707,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the period. Quarry LP bought a new stake in shares of Microsoft during the 2nd quarter worth $45,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter worth about $62,000. Innealta Capital LLC bought a new position in Microsoft during the second quarter valued at about $75,000. Finally, Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, 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 transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.6 %

MSFT opened at $444.06 on Friday. 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 12 month low of $385.58 and a 12 month high of $468.35. The stock has a market capitalization of $3.30 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90. The business has a 50 day simple moving average of $431.05 and a 200-day simple moving average of $425.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. Microsoft’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup dropped their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Sanford C. Bernstein lowered their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus 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.