Microsoft Co. (NASDAQ:MSFT) Shares Sold by William Allan Corp

William Allan Corp cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,027 shares of the software giant’s stock after selling 99 shares during the period. Microsoft makes up 3.4% of William Allan Corp’s holdings, making the stock its 11th biggest holding. William Allan Corp’s holdings in Microsoft were worth $5,605,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. WFA Asset Management Corp grew its position in shares of 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 during the last quarter. Ironwood Wealth Management LLC. increased its position 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 during the period. Nicholas Investment Partners LP lifted its holdings in Microsoft by 3.0% in the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after acquiring an additional 1,164 shares during the period. Morris Financial Concepts Inc. boosted its holdings in Microsoft by 5.2% during the second quarter. Morris Financial Concepts Inc. now owns 2,783 shares of the software giant’s stock worth $1,244,000 after buying an additional 137 shares in the last quarter. Finally, Whelan Financial grew its holdings in shares of Microsoft by 3.5% in the 2nd quarter. Whelan Financial now owns 3,961 shares of the software giant’s stock worth $1,770,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSFT shares. JPMorgan Chase & Co. dropped their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. KeyCorp upped their price objective on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Sanford C. Bernstein reduced their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Stock Performance

Shares of MSFT opened at $410.92 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The stock has a market cap of $3.05 trillion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.21 and a beta of 0.90. The business has a 50-day simple moving average of $432.53 and a two-hundred day simple moving average of $424.44.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the company posted $2.93 EPS. On average, analysts expect that Microsoft Co. will post 13.03 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared 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 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Activity

In other Microsoft 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 completion of the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company 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.