Von Berge Wealth Management Group LLC Lowers Stock Position in Microsoft Co. (NASDAQ:MSFT)

Von Berge Wealth Management Group LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,090 shares of the software giant’s stock after selling 272 shares during the quarter. Microsoft comprises 0.9% of Von Berge Wealth Management Group LLC’s investment portfolio, making the stock its 21st largest holding. Von Berge Wealth Management Group LLC’s holdings in Microsoft were worth $1,719,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. First National Bank Sioux Falls raised its position in shares of Microsoft by 0.4% in the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares in the last quarter. BCK Partners Inc. raised its position in Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares in the last quarter. Massachusetts Wealth Management lifted its stake in Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Microsoft by 0.8% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after purchasing an additional 25 shares in the last quarter. Finally, Conscious Wealth Investments LLC raised its holdings in shares of Microsoft by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.0 %

MSFT opened at $415.06 on Friday. The company’s 50-day moving average price is $432.56 and its two-hundred day moving average price is $424.88. 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 twelve month low of $385.58 and a twelve month high of $468.35. The stock has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.42, a PEG ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same period in the previous year, the company posted $2.93 EPS. As a group, equities analysts expect that Microsoft Co. will post 12.89 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research analyst reports. Sanford C. Bernstein reduced their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Piper Sandler reissued an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. The Goldman Sachs Group decreased their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft 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.