Carrera Capital Advisors Sells 843 Shares of Microsoft Co. (NASDAQ:MSFT)

Carrera Capital Advisors reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,097 shares of the software giant’s stock after selling 843 shares during the period. Carrera Capital Advisors’ holdings in Microsoft were worth $2,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its position in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft in the second quarter valued at about $45,000. Innealta Capital LLC acquired a new position in Microsoft in the second quarter valued at about $75,000. Carolina Wealth Advisors LLC boosted its holdings in 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 acquired a new position in shares of Microsoft during the 2nd quarter worth about $200,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSFT. Piper Sandler increased their price target on shares of Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Cantor Fitzgerald assumed coverage on shares of Microsoft in a report on Friday. They issued an “overweight” rating and a $509.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lowered 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, Citigroup reduced their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $511.53.

Microsoft Stock Up 1.0 %

NASDAQ:MSFT opened at $429.03 on Friday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The firm has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $429.19 and its two-hundred day moving average price is $426.57.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for 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 firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.99 earnings per share. Equities research analysts expect that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Insider Buying and Selling

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

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.