M. Kraus & Co Sells 989 Shares of Microsoft Co. (NASDAQ:MSFT)

M. Kraus & Co lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,962 shares of the software giant’s stock after selling 989 shares during the quarter. Microsoft accounts for 10.8% of M. Kraus & Co’s holdings, making the stock its biggest position. M. Kraus & Co’s holdings in Microsoft were worth $35,292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Matrix Trust Co boosted its holdings in Microsoft by 5.5% during the second quarter. Matrix Trust Co now owns 5,576 shares of the software giant’s stock worth $2,492,000 after buying an additional 289 shares in the last quarter. First Affirmative Financial Network lifted its holdings in Microsoft by 6.4% during the second quarter. First Affirmative Financial Network now owns 7,803 shares of the software giant’s stock valued at $3,488,000 after purchasing an additional 472 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in Microsoft by 5.2% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 19,014 shares of the software giant’s stock valued at $8,865,000 after purchasing an additional 945 shares in the last quarter. Five Oceans Advisors lifted its holdings in Microsoft by 19.0% during the second quarter. Five Oceans Advisors now owns 12,750 shares of the software giant’s stock valued at $5,699,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Enterprise Bank & Trust Co lifted its holdings in Microsoft by 1.9% during the second quarter. Enterprise Bank & Trust Co now owns 36,417 shares of the software giant’s stock valued at $16,277,000 after purchasing an additional 680 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the business’s 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 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. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Up 0.6 %

Shares of NASDAQ:MSFT opened at $413.12 on Friday. The company has a market capitalization of $3.07 trillion, a PE ratio of 35.77, a P/E/G ratio of 2.11 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The firm has a 50 day simple moving average of $432.99 and a 200-day simple moving average of $422.74.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 EPS. On average, equities analysts predict that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed 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 is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft’s dividend payout ratio is currently 25.97%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MSFT shares. Mizuho increased their price objective on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Morgan Stanley reduced their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. UBS Group reduced their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Piper Sandler reiterated an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Finally, TD Cowen increased their target price on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $494.72.

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.