Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,539 shares of the software giant’s stock after selling 49 shares during the quarter. Microsoft makes up approximately 1.7% of Revolve Wealth Partners LLC’s holdings, making the stock its 18th largest position. Revolve Wealth Partners LLC’s holdings in Microsoft were worth $10,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Microsoft in the fourth quarter worth $35,920,047,000. Vanguard Group Inc. lifted its position in shares of Microsoft by 2.4% in the 4th 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 shares of Microsoft in the 1st quarter valued at about $5,587,119,000. TCI Fund Management Ltd. bought a new stake in shares of Microsoft during the 4th quarter valued at about $4,000,376,000. Finally, Canada Pension Plan Investment Board raised its stake 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 acquiring an additional 2,744,900 shares during the period. 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 Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock valued at $77,916,485 over the last three months. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. TD Cowen lifted their target price on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley restated an “overweight” rating and set a $506.00 price objective on shares of Microsoft in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Wells Fargo & Company raised their target price on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Bank of America upped their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Stock Performance

Shares of MSFT opened at $435.15 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50 day moving average is $422.31 and its 200-day moving average is $423.73. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The stock has a market capitalization of $3.23 trillion, a P/E ratio of 37.68, a P/E/G ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share 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%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $2.69 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s payout ratio is 25.97%.

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.