Microsoft Co. (NASDAQ:MSFT) Stock Position Cut by 9258 Wealth Management LLC

9258 Wealth Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,002 shares of the software giant’s stock after selling 251 shares during the quarter. Microsoft makes up approximately 3.1% of 9258 Wealth Management LLC’s holdings, making the stock its 6th largest holding. 9258 Wealth Management LLC’s holdings in Microsoft were worth $20,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Richardson Capital Management LLC grew its position in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Microsoft in the 2nd quarter worth approximately $75,000. Bellevue Group AG grew its position in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC acquired a new position in shares of Microsoft in the 1st quarter worth approximately $80,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The stock was 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 owns 50,000 shares in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 $328,473,703.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.3 %

MSFT opened at $418.16 on Friday. Microsoft Co. has a one year low of $324.39 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 stock’s fifty day moving average is $419.66 and its 200-day moving average is $424.51. The company has a market capitalization of $3.11 trillion, a PE ratio of 36.20, a P/E/G ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. On average, equities analysts predict that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has authorized a share repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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 0.79%. Microsoft’s payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. TD Cowen lifted their target price on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday. The Goldman Sachs Group reduced their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research report on Monday, September 23rd. Finally, Wedbush restated an “underperform” rating on shares of Microsoft in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $495.68.

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.