FWG Holdings LLC Sells 97 Shares of Microsoft Co. (NASDAQ:MSFT)

FWG Holdings LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,846 shares of the software giant’s stock after selling 97 shares during the period. Microsoft accounts for about 1.9% of FWG Holdings LLC’s holdings, making the stock its 15th biggest position. FWG Holdings LLC’s holdings in Microsoft were worth $3,774,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Microsoft by 0.6% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 110,466 shares of the software giant’s stock valued at $47,534,000 after purchasing an additional 694 shares in the last quarter. Princeton Capital Management LLC boosted its stake in Microsoft by 1.0% in the 3rd quarter. Princeton Capital Management LLC now owns 56,712 shares of the software giant’s stock worth $24,403,000 after purchasing an additional 545 shares during the period. First City Capital Management Inc. grew its holdings in Microsoft by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 25,478 shares of the software giant’s stock valued at $10,963,000 after buying an additional 697 shares in the last quarter. Equita Financial Network Inc. grew its holdings in Microsoft by 50.5% during the 3rd quarter. Equita Financial Network Inc. now owns 2,158 shares of the software giant’s stock valued at $929,000 after buying an additional 724 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Microsoft by 16.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 141,549 shares of the software giant’s stock worth $60,909,000 after buying an additional 19,932 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Citigroup lowered their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. The Goldman Sachs Group dropped their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $512.66.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $444.06 on Friday. 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 fifty-two week low of $385.58 and a fifty-two week high of $468.35. The company has a market cap of $3.30 trillion, a P/E ratio of 36.64, a PEG ratio of 2.40 and a beta of 0.90. The firm’s 50 day moving average price is $431.05 and its 200 day moving average price is $425.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results 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. The company had revenue of $65.59 billion during 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 quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.99 earnings per share. On average, research analysts forecast that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

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.