Microsoft Co. (NASDAQ:MSFT) Shares Sold by Peloton Wealth Strategists

Peloton Wealth Strategists lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,952 shares of the software giant’s stock after selling 547 shares during the quarter. Microsoft accounts for approximately 2.9% of Peloton Wealth Strategists’ portfolio, making the stock its 7th biggest position. Peloton Wealth Strategists’ holdings in Microsoft were worth $7,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the last quarter. Quarry LP acquired a new position in Microsoft in the second quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter worth approximately $62,000. Carolina Wealth Advisors LLC lifted its position in shares of Microsoft by 10.1% during the 3rd 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. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,000 shares of company stock valued at $14,333,540. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSFT. Mizuho reduced their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Wedbush restated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Finally, StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 0.6 %

Shares of MSFT opened at $412.22 on Tuesday. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a 50 day simple moving average of $431.44 and a 200-day simple moving average of $423.41. The stock has a market cap of $3.06 trillion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the company earned $2.93 EPS. Equities analysts forecast that Microsoft Co. will post 13.07 EPS 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 is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

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.