Retireful LLC Has $708,000 Position in Microsoft Co. (NASDAQ:MSFT)

Retireful LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 25.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,645 shares of the software giant’s stock after selling 576 shares during the quarter. Retireful LLC’s holdings in Microsoft were worth $708,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft during the second quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the third quarter valued at about $62,000. Innealta Capital LLC bought a new position in Microsoft in the 2nd quarter worth approximately $75,000. Finally, Carolina Wealth Advisors LLC lifted its holdings in shares of 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. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $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 available at this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last quarter. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MSFT shares. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Mizuho upped their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Citigroup cut their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler raised their price target on shares of Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Three investment 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $512.66.

Microsoft Stock Down 0.6 %

Shares of MSFT stock opened at $444.06 on Monday. The firm has a fifty day moving average of $431.05 and a 200-day moving average of $425.54. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90. 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 (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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