Microsoft Co. (NASDAQ:MSFT) Shares Sold by Arbor Wealth Advisors LLC

Arbor Wealth Advisors LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,240 shares of the software giant’s stock after selling 25 shares during the quarter. Microsoft comprises 1.0% of Arbor Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Arbor Wealth Advisors LLC’s holdings in Microsoft were worth $1,001,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Friedenthal Financial purchased a new stake in shares of Microsoft in the 4th quarter valued at approximately $45,000. Neo Ivy Capital Management acquired a new position in Microsoft in the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC lifted its holdings in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after acquiring an additional 129 shares during the last quarter. PayPay Securities Corp grew its position in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the period. Finally, Bellevue Group AG increased its stake in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 1.0 %

NASDAQ:MSFT opened at $417.14 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The stock’s 50 day moving average price is $431.69 and its 200 day moving average price is $422.69. The company has a market capitalization of $3.10 trillion, a PE ratio of 36.12, a P/E/G ratio of 2.11 and a beta of 0.90.

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, research analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Activity at Microsoft

In other Microsoft 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 transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 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 sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Macquarie increased their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Piper Sandler reiterated an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Citigroup reduced their price target on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Bank of America boosted their target price on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $494.72.

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.