Microsoft Co. (NASDAQ:MSFT) Shares Sold by My Personal CFO LLC

My Personal CFO LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,365 shares of the software giant’s stock after selling 1,452 shares during the period. Microsoft accounts for approximately 9.1% of My Personal CFO LLC’s portfolio, making the stock its 2nd biggest holding. My Personal CFO LLC’s holdings in Microsoft were worth $16,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of Microsoft by 62.0% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock valued at $47,612,000 after buying an additional 43,327 shares during the period. Quent Capital LLC grew its position in shares of Microsoft by 4.3% during the 1st quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock worth $15,099,000 after buying an additional 1,467 shares during the period. LRI Investments LLC bought a new position in shares of Microsoft in the 1st quarter worth $10,561,000. Finally, GUARDCAP ASSET MANAGEMENT Ltd boosted its stake in Microsoft by 1.1% during the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,214,053 shares of the software giant’s stock worth $510,776,000 after acquiring an additional 12,998 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $451.59 on Tuesday. The stock has a market capitalization of $3.36 trillion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The company’s 50-day moving average is $425.00 and its 200-day moving average is $427.76. 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 (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s quarterly 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. Equities research analysts expect that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has approved a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to reacquire 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 shares are undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Analysts Set New Price Targets

MSFT has been the topic of a number of research reports. BMO Capital Markets cut their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, KeyCorp raised their price objective on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $505.43.

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.