Hubbell Strickland Wealth Management LLC Sells 234 Shares of Microsoft Co. (NASDAQ:MSFT)

Hubbell Strickland Wealth Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,510 shares of the software giant’s stock after selling 234 shares during the period. Microsoft comprises approximately 3.0% of Hubbell Strickland Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Hubbell Strickland Wealth Management LLC’s holdings in Microsoft were worth $6,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Microsoft during the fourth quarter worth $35,920,047,000. Vanguard Group Inc. increased its holdings in Microsoft by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares during the last quarter. Swedbank AB acquired a new position in Microsoft during the first quarter worth $5,587,119,000. TCI Fund Management Ltd. acquired a new position in Microsoft during the fourth quarter worth $4,000,376,000. Finally, Canada Pension Plan Investment Board boosted its position in Microsoft by 77.6% during the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after purchasing an additional 2,744,900 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Argus lifted their price objective on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Tigress Financial lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Macquarie lifted their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Trading Up 2.1 %

Shares of MSFT stock opened at $414.20 on Wednesday. The stock has a 50-day moving average of $425.67 and a 200-day moving average of $423.06. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.08 trillion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.03 and a beta of 0.90. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the business earned $2.69 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current year.

Insiders Place Their Bets

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Satya Nadella sold 14,398 shares of Microsoft 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,751 shares of company stock worth $53,628,156. 0.03% of the stock is currently owned by insiders.

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.