Cassady Schiller Wealth Management LLC Has $3.12 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Cassady Schiller Wealth Management LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,261 shares of the software giant’s stock after selling 121 shares during the period. Microsoft comprises about 1.1% of Cassady Schiller Wealth Management LLC’s portfolio, making the stock its 19th largest position. Cassady Schiller Wealth Management LLC’s holdings in Microsoft were worth $3,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. WFA Asset Management Corp grew its position in 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. Ironwood Wealth Management LLC. increased its position in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Nicholas Investment Partners LP grew its stake in Microsoft by 3.0% in the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after purchasing an additional 1,164 shares in the last quarter. Harbour Trust & Investment Management Co increased its position in shares of Microsoft by 4.0% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 34,234 shares of the software giant’s stock worth $15,301,000 after purchasing an additional 1,301 shares during the last quarter. Finally, Proffitt & Goodson Inc. raised its stake in shares of Microsoft by 2.6% during the 2nd quarter. Proffitt & Goodson Inc. now owns 10,901 shares of the software giant’s stock worth $4,872,000 after purchasing an additional 280 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Citigroup cut their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, TD Cowen reduced their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $512.66.

Microsoft Trading Up 4.1 %

Shares of Microsoft stock opened at $446.20 on Thursday. The firm’s 50-day moving average price is $429.65 and its two-hundred day moving average price is $425.70. The company has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.28 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. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter last year, the business posted $2.99 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts forecast that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

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.