Strategic Family Wealth Counselors L.L.C. Sells 124 Shares of Microsoft Co. (NASDAQ:MSFT)

Strategic Family Wealth Counselors L.L.C. decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,680 shares of the software giant’s stock after selling 124 shares during the quarter. Microsoft accounts for about 1.2% of Strategic Family Wealth Counselors L.L.C.’s investment portfolio, making the stock its 28th biggest position. Strategic Family Wealth Counselors L.L.C.’s holdings in Microsoft were worth $3,305,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Christopher J. Hasenberg Inc lifted its position 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 in the last quarter. Quarry LP acquired a new position in shares of Microsoft during the second quarter worth approximately $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC raised its stake in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the second quarter worth approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $418.95 on Friday. Microsoft Co. has a one year low of $380.38 and a one year high of $468.35. The business has a fifty day moving average price of $428.83 and a 200-day moving average price of $427.53. 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 firm has a market capitalization of $3.11 trillion, a P/E ratio of 34.57, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its board has initiated a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Sanford C. Bernstein dropped their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Mizuho boosted their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Citigroup dropped their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $511.62.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

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.