Dimension Capital Management LLC Reduces Stock Position in Microsoft Co. (NASDAQ:MSFT)

Dimension Capital Management LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,788 shares of the software giant’s stock after selling 1,191 shares during the period. Microsoft comprises approximately 0.7% of Dimension Capital Management LLC’s holdings, making the stock its 24th largest holding. Dimension Capital Management LLC’s holdings in Microsoft were worth $3,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Innealta Capital LLC purchased a new position in shares of Microsoft during the second quarter valued at $75,000. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Bbjs Financial Advisors LLC lifted its stake in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares during the period. Finally, MayTech Global Investments LLC bought a new position in Microsoft during the 2nd quarter worth about $200,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Down 1.1 %

Shares of MSFT stock opened at $418.01 on Tuesday. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The firm has a market capitalization of $3.11 trillion, a PE ratio of 34.49, a P/E/G ratio of 2.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock’s 50-day simple moving average is $421.09 and its 200-day simple moving average is $425.19.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.99 EPS. Equities analysts expect that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft announced that its board has approved a share buyback plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.79%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is presently 27.39%.

Insiders Place Their Bets

In other news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MSFT. Morgan Stanley boosted their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Piper Sandler restated an “overweight” rating and set a $470.00 target price on shares of Microsoft in a report on Thursday, October 31st. UBS Group dropped their target price on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced 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. Finally, The Goldman Sachs Group dropped their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $503.03.

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.