Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,550 shares of the software giant’s stock after selling 229 shares during the quarter. Microsoft comprises approximately 3.4% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its biggest position. Mitchell & Pahl Private Wealth LLC’s holdings in Microsoft were worth $6,503,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Bayesian Capital Management LP raised its position in Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC raised its position in Microsoft by 16.5% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares in the last quarter. Czech National Bank raised its position in Microsoft by 0.4% in the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC raised its position in Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after acquiring an additional 2,264 shares in the last quarter. Finally, United Advisor Group LLC purchased a new position in Microsoft in the fourth quarter worth $9,538,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. New Street Research started coverage on Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target for the company. Citigroup dropped their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Bank of America raised their price target on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company raised their price target on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $408.90 on Thursday. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $3.04 trillion, a P/E ratio of 35.40, a PEG ratio of 2.11 and a beta of 0.90. The business’s 50-day simple moving average is $429.38 and its 200 day simple moving average is $422.91.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same period in the previous year, the business earned $2.69 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 13.04 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 issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

About Microsoft

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.