SFG Wealth Management LLC. Sells 98 Shares of Microsoft Co. (NASDAQ:MSFT)

SFG Wealth Management LLC. lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,047 shares of the software giant’s stock after selling 98 shares during the quarter. Microsoft makes up approximately 1.6% of SFG Wealth Management LLC.’s investment portfolio, making the stock its 13th largest position. SFG Wealth Management LLC.’s holdings in Microsoft were worth $3,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WFA Asset Management Corp increased its position in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the period. Meadow Creek Wealth Advisors LLC increased its position in Microsoft by 5.2% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 11,453 shares of the software giant’s stock valued at $5,119,000 after purchasing an additional 566 shares during the period. Patrick M Sweeney & Associates Inc. increased its position in Microsoft by 3.3% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 10,266 shares of the software giant’s stock valued at $4,586,000 after purchasing an additional 331 shares during the period. First PREMIER Bank increased its position in Microsoft by 4.3% during the 2nd quarter. First PREMIER Bank now owns 23,504 shares of the software giant’s stock valued at $10,505,000 after purchasing an additional 977 shares during the period. Finally, Corundum Group Inc. increased its position in Microsoft by 8.2% during the 2nd quarter. Corundum Group Inc. now owns 19,092 shares of the software giant’s stock valued at $8,533,000 after purchasing an additional 1,447 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last quarter. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 1.3 %

MSFT stock opened at $418.95 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $380.38 and a fifty-two week high of $468.35. The business’s 50-day moving average is $428.83 and its two-hundred day moving average is $427.53. The company has a market cap of $3.11 trillion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm 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 posted $2.99 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its Board of Directors has initiated a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Analyst Ratings Changes

A number of analysts have weighed in on MSFT shares. UBS Group increased their target price on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Mizuho raised their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. KeyCorp raised their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group reduced their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $511.62.

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.