Keudell Morrison Wealth Management Sells 919 Shares of Microsoft Co. (NASDAQ:MSFT)

Keudell Morrison Wealth Management decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,481 shares of the software giant’s stock after selling 919 shares during the period. Microsoft makes up about 2.3% of Keudell Morrison Wealth Management’s portfolio, making the stock its 11th biggest position. Keudell Morrison Wealth Management’s holdings in Microsoft were worth $8,383,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc grew its position in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC bought a new position in Microsoft in the 2nd quarter valued at approximately $75,000. Carolina Wealth Advisors LLC boosted its position in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the second quarter worth $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. Stifel Nicolaus increased their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler increased their target price on Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $511.62.

Microsoft Stock Performance

NASDAQ:MSFT opened at $424.56 on Friday. The firm has a market capitalization of $3.16 trillion, a P/E ratio of 35.03, a P/E/G ratio of 2.37 and a beta of 0.90. Microsoft Co. has a twelve month low of $371.19 and a twelve month high of $468.35. The company has a fifty day moving average of $428.65 and a 200-day moving average of $427.59. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during 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%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.99 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its Board of Directors has initiated a stock buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s payout ratio is currently 27.39%.

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.