Microsoft Co. (NASDAQ:MSFT) Shares Sold by Reston Wealth Management LLC

Reston Wealth Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,980 shares of the software giant’s stock after selling 31 shares during the quarter. Microsoft comprises about 0.6% of Reston Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Reston Wealth Management LLC’s holdings in Microsoft were worth $1,677,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC grew its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.1 %

NASDAQ:MSFT opened at $391.26 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $2.91 trillion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The business’s 50-day simple moving average is $408.82 and its 200 day simple moving average is $419.65.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the company earned $2.93 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

A number of brokerages have recently commented on MSFT. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Mizuho reduced their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their target price for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $510.59.

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.