Telos Capital Management Inc. Sells 218 Shares of Microsoft Co. (NASDAQ:MSFT)

Telos Capital Management Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,825 shares of the software giant’s stock after selling 218 shares during the period. Microsoft makes up approximately 1.4% of Telos Capital Management Inc.’s holdings, making the stock its 16th biggest holding. Telos Capital Management Inc.’s holdings in Microsoft were worth $13,694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 169.2% during the second 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 last quarter. Quarry LP purchased a new stake in Microsoft in the 2nd quarter valued at $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the 2nd quarter valued at $75,000. Bellevue Group AG grew its stake in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Finally, Carolina Wealth Advisors LLC grew its stake 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 acquiring an additional 31 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $447.27 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 36.90, a PEG ratio of 2.38 and a beta of 0.90. The firm’s fifty day simple moving average is $424.16 and its 200 day simple moving average is $427.61. Microsoft Co. has a twelve month low of $364.13 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.99 EPS. As a group, equities research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its board has approved a share repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid 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 dividend yield of 0.74%. Microsoft’s dividend payout ratio is presently 27.39%.

Analyst Ratings Changes

Several research firms have weighed in on MSFT. JPMorgan Chase & Co. lowered their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Piper Sandler restated an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. TD Cowen dropped their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $505.43.

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.