Microsoft Co. (NASDAQ:MSFT) Shares Sold by Tillman Hartley LLC

Tillman Hartley LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,329 shares of the software giant’s stock after selling 1,089 shares during the period. Microsoft makes up about 0.8% of Tillman Hartley LLC’s investment portfolio, making the stock its 22nd largest position. Tillman Hartley LLC’s holdings in Microsoft were worth $2,724,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% in the first 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 in the last quarter. ERn Financial LLC lifted its stake in Microsoft by 1.5% in the 2nd quarter. ERn Financial LLC now owns 12,435 shares of the software giant’s stock worth $5,558,000 after acquiring an additional 187 shares in the last quarter. Professional Financial Advisors LLC boosted its position in Microsoft by 3.7% during the 2nd quarter. Professional Financial Advisors LLC now owns 5,847 shares of the software giant’s stock worth $2,613,000 after acquiring an additional 209 shares during the period. Silver Lake Advisory LLC grew its stake in Microsoft by 76.8% during the 2nd quarter. Silver Lake Advisory LLC now owns 21,882 shares of the software giant’s stock valued at $9,780,000 after acquiring an additional 9,503 shares in the last quarter. Finally, O ROURKE & COMPANY Inc increased its holdings in shares of Microsoft by 1.0% in the 2nd quarter. O ROURKE & COMPANY Inc now owns 13,832 shares of the software giant’s stock valued at $6,182,000 after purchasing an additional 142 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Two 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $511.62.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $418.95 on Monday. Microsoft Co. has a 52-week low of $380.38 and a 52-week high of $468.35. 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 price-to-earnings ratio of 34.57, a P/E/G ratio of 2.37 and a beta of 0.90. The company’s fifty day moving average is $428.83 and its two-hundred day moving average is $427.23.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.99 EPS. 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. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Microsoft declared that its Board of Directors has approved a stock repurchase 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 repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.