Capasso Planning Partners LLC Sells 617 Shares of Microsoft Co. (NASDAQ:MSFT)

Capasso Planning Partners LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,194 shares of the software giant’s stock after selling 617 shares during the period. Microsoft accounts for 0.8% of Capasso Planning Partners LLC’s portfolio, making the stock its 25th largest holding. Capasso Planning Partners LLC’s holdings in Microsoft were worth $2,665,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc grew its holdings in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the period. Quarry LP acquired a new stake in Microsoft during the 2nd quarter worth $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the 3rd quarter worth $62,000. Carolina Wealth Advisors LLC grew its holdings in 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 acquiring an additional 31 shares during the period. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at $200,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.4 %

Shares of MSFT opened at $410.54 on Friday. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The firm has a market cap of $3.05 trillion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The firm’s 50-day simple moving average is $430.11 and its 200 day simple moving average is $423.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $2.93 EPS. On average, analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 dividend yield of 0.81%. Microsoft’s payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MSFT shares. DA Davidson reissued a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Morgan Stanley decreased their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, BMO Capital Markets cut their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock worth $14,333,540 in the last quarter. 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.