D.B. Root & Company LLC Sells 162 Shares of Microsoft Co. (NASDAQ:MSFT)

D.B. Root & Company LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,051 shares of the software giant’s stock after selling 162 shares during the quarter. Microsoft accounts for 1.7% of D.B. Root & Company LLC’s holdings, making the stock its 11th biggest holding. D.B. Root & Company LLC’s holdings in Microsoft were worth $4,940,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Friedenthal Financial bought a new position in Microsoft in the 4th quarter valued at $45,000. Richardson Capital Management LLC grew its position in Microsoft by 1,290.0% in the 1st 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. Neo Ivy Capital Management bought a new position in Microsoft in the 4th quarter valued at $58,000. Bellevue Group AG grew its position in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. Finally, PayPay Securities Corp grew its position in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.6 %

Shares of NASDAQ:MSFT opened at $401.70 on Friday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The stock has a market cap of $2.99 trillion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.11 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $427.59 and a 200-day moving average price of $422.79.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period last year, the business posted $2.69 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on MSFT shares. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Bank of America upped their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. TD Cowen upped their target price on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. New Street Research initiated coverage on Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price for the company. Finally, Tigress Financial upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $494.72.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold a total of 130,751 shares of company stock worth $53,628,156 over the last three months. 0.03% of the stock is currently owned by insiders.

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.