Destiny Wealth Partners LLC Sells 92 Shares of Microsoft Co. (NASDAQ:MSFT)

Destiny Wealth Partners LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the first quarter, Holdings Channel reports. The firm owned 29,627 shares of the software giant’s stock after selling 92 shares during the period. Microsoft comprises 2.2% of Destiny Wealth Partners LLC’s holdings, making the stock its 10th biggest holding. Destiny Wealth Partners LLC’s holdings in Microsoft were worth $12,465,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after acquiring an additional 15,701,937 shares during the last quarter. FMR LLC raised its stake in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after acquiring an additional 5,762,902 shares during the last quarter. Norges Bank bought a new position in shares of Microsoft in the fourth quarter valued at approximately $35,920,047,000. Barclays PLC raised its stake in shares of Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after acquiring an additional 2,456,190 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $9,625,201,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $449.78 on Friday. The firm has a market cap of $3.34 trillion, a PE ratio of 38.94, a PEG ratio of 2.35 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $450.94. The company has a fifty day moving average price of $419.96 and a 200 day moving average price of $406.93.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 EPS. Research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is presently 25.97%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Macquarie lifted their target price on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. UBS Group reiterated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Oppenheimer boosted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Finally, BMO Capital Markets boosted their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

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.