Microsoft Co. (NASDAQ:MSFT) Shares Sold by Schoolcraft Capital LLC

Schoolcraft Capital LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 6.6% in the first quarter, HoldingsChannel reports. The fund owned 1,654 shares of the software giant’s stock after selling 116 shares during the period. Schoolcraft Capital LLC’s holdings in Microsoft were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Morris Financial Concepts Inc. grew its holdings in shares of Microsoft by 0.9% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after purchasing an additional 25 shares during the period. Innova Wealth Partners grew its holdings in shares of Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after purchasing an additional 25 shares during the period. Arkansas Financial Group Inc. grew its holdings in shares of Microsoft by 1.5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares during the period. Partnership Wealth Management LLC grew its holdings in shares of Microsoft by 0.4% during the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after purchasing an additional 25 shares during the period. Finally, Sicart Associates LLC grew its holdings in shares of Microsoft by 2.9% during the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after purchasing an additional 26 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 2.2 %

Shares of MSFT stock opened at $456.73 on Tuesday. The business’s 50 day moving average is $424.11 and its two-hundred day moving average is $410.15. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $457.37. The company has a market capitalization of $3.39 trillion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 2.36 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 (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period last year, the business posted $2.45 EPS. The company’s revenue was up 17.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.66%. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on MSFT. Citigroup increased their price target on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Oppenheimer increased their target price on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. increased their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Finally, New Street Research assumed coverage on Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

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.