Bridge Creek Capital Management LLC Sells 281 Shares of Microsoft Co. (NASDAQ:MSFT)

Bridge Creek Capital Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,980 shares of the software giant’s stock after selling 281 shares during the quarter. Microsoft makes up approximately 3.5% of Bridge Creek Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Bridge Creek Capital Management LLC’s holdings in Microsoft were worth $11,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rebalance LLC grew its position in Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after purchasing an additional 24 shares in the last quarter. First National Bank Sioux Falls grew its position in Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares in the last quarter. Doheny Asset Management CA grew its position in Microsoft by 0.4% during the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after purchasing an additional 25 shares in the last quarter. Flagship Private Wealth LLC grew its position in Microsoft by 2.8% during the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after purchasing an additional 25 shares in the last quarter. Finally, Massachusetts Wealth Management grew its position in Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSFT shares. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. TD Cowen lowered their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $503.03.

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated 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 owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated 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 directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,431 shares of company stock valued at $74,956,968. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.0 %

Microsoft stock opened at $417.00 on Friday. The firm has a market cap of $3.10 trillion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The firm has a fifty day moving average price of $421.94 and a two-hundred day moving average price of $426.07.

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

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s payout ratio is currently 24.75%.

Microsoft announced that its board has authorized a share buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Microsoft 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.