Wittenberg Investment Management Inc. Sells 240 Shares of Microsoft Co. (NASDAQ:MSFT)

Wittenberg Investment Management Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,949 shares of the software giant’s stock after selling 240 shares during the quarter. Microsoft comprises 2.1% of Wittenberg Investment Management Inc.’s holdings, making the stock its 12th largest holding. Wittenberg Investment Management Inc.’s holdings in Microsoft were worth $6,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Nicholas Investment Partners LP raised its position in Microsoft by 3.0% in the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after buying an additional 1,164 shares during the last quarter. McClarren Financial Advisors Inc. raised its holdings in shares of Microsoft by 12.1% in the second quarter. McClarren Financial Advisors Inc. now owns 3,575 shares of the software giant’s stock valued at $1,598,000 after purchasing an additional 385 shares during the last quarter. Finally, K.J. Harrison & Partners Inc lifted its position in shares of Microsoft by 2.8% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 58,972 shares of the software giant’s stock worth $26,358,000 after buying an additional 1,626 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 0.0 %

Shares of Microsoft stock opened at $415.06 on Friday. The company’s fifty day simple moving average is $432.56 and its two-hundred day simple moving average is $424.88. The company has a market cap of $3.09 trillion, a P/E ratio of 33.42, a PEG ratio of 2.38 and a beta of 0.90. 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 Co. has a 12-month low of $385.58 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same period in the previous year, the business earned $2.93 EPS. Research analysts anticipate that Microsoft Co. will post 12.89 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MSFT shares. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Citigroup cut their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Mizuho reduced their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, BMO Capital Markets dropped 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. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction 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 completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This 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 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.