Microsoft Co. (NASDAQ:MSFT) Shares Sold by Brookmont Capital Management

Brookmont Capital Management trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 2.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,802 shares of the software giant’s stock after selling 285 shares during the period. Microsoft accounts for about 2.9% of Brookmont Capital Management’s investment portfolio, making the stock its 6th biggest holding. Brookmont Capital Management’s holdings in Microsoft were worth $5,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bayesian Capital Management LP lifted its holdings 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 during the last quarter. Warren Street Wealth Advisors LLC raised its holdings in Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after purchasing an additional 956 shares in the last quarter. Czech National Bank raised its holdings in Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after purchasing an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC raised its holdings in Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after purchasing an additional 2,264 shares in the last quarter. Finally, United Advisor Group LLC bought a new stake in Microsoft during the fourth quarter worth approximately $9,538,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MSFT. Piper Sandler reissued an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Citigroup decreased their price target on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. BMO Capital Markets lifted their price target on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Tigress Financial lifted their price target 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. Finally, Argus lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Trading Up 0.9 %

NASDAQ MSFT opened at $427.00 on Friday. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. 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 company has a market capitalization of $3.17 trillion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. The firm’s fifty day simple moving average is $424.24 and its 200-day simple moving average is $423.09.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion during 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%. Microsoft’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 17,378 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the sale, the executive vice president now directly owns 150,161 shares in the company, valued at $61,843,807.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

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.