Microsoft Co. (NASDAQ:MSFT) Shares Sold by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,979 shares of the software giant’s stock after selling 112 shares during the quarter. Microsoft makes up about 0.6% of Priebe Wealth Holdings LLC’s portfolio, making the stock its 23rd biggest holding. Priebe Wealth Holdings LLC’s holdings in Microsoft were worth $851,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MSFT. Rebalance LLC boosted its stake in shares of Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after buying an additional 24 shares during the period. First National Bank Sioux Falls raised its holdings in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after acquiring an additional 24 shares in the last quarter. Doheny Asset Management CA grew its holdings 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 acquiring an additional 25 shares in the last quarter. Flagship Private Wealth LLC grew its holdings 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 acquiring an additional 25 shares in the last quarter. Finally, Massachusetts Wealth Management raised its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This represents a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 209,431 shares of company stock valued at $85,796,688. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MSFT shares. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Citigroup dropped their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. UBS Group decreased their target price on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $422.99 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The company has a market cap of $3.14 trillion, a PE ratio of 34.90, a P/E/G ratio of 2.22 and a beta of 0.91. The stock has a fifty day moving average price of $421.07 and a 200 day moving average price of $426.39. Microsoft Co. has a 1-year low of $362.90 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the business earned $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The firm 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 boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s payout ratio is presently 27.39%.

About Microsoft

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.