Mcdonald Partners LLC Sells 750 Shares of Microsoft Co. (NASDAQ:MSFT)

Mcdonald Partners LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.6% during the first quarter, Holdings Channel.com reports. The fund owned 47,076 shares of the software giant’s stock after selling 750 shares during the quarter. Microsoft comprises 5.4% of Mcdonald Partners LLC’s investment portfolio, making the stock its biggest position. Mcdonald Partners LLC’s holdings in Microsoft were worth $19,806,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morris Financial Concepts Inc. increased its stake in Microsoft by 0.9% during the fourth 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 position in shares of Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after buying an additional 25 shares in the last quarter. Arkansas Financial Group Inc. grew its position in shares of Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares in the last quarter. Partnership Wealth Management LLC grew its position in shares of Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after buying an additional 25 shares in the last quarter. Finally, Sicart Associates LLC grew its position in shares of Microsoft by 2.9% during the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. Macquarie upped their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $455.00 price target on shares of Microsoft in a report on Monday, April 22nd. Raymond James reaffirmed an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a report on Friday, April 26th. Finally, Jefferies Financial Group upped their price target on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $467.12.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction 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 transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock valued at $10,877,535 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Microsoft stock opened at $459.28 on Wednesday. Microsoft Co. has a one year low of $309.45 and a one year high of $459.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The business has a fifty day moving average of $425.22 and a two-hundred day moving average of $410.79. The company has a market cap of $3.41 trillion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the company earned $2.45 earnings per share. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

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.