Microsoft Co. (NASDAQ:MSFT) Shares Sold by Salvus Wealth Management LLC

Salvus Wealth Management LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,535 shares of the software giant’s stock after selling 111 shares during the quarter. Microsoft makes up about 2.3% of Salvus Wealth Management LLC’s holdings, making the stock its 12th biggest position. Salvus Wealth Management LLC’s holdings in Microsoft were worth $3,672,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. SignalPoint Asset Management LLC boosted its position in shares of Microsoft by 398.0% during the 3rd quarter. SignalPoint Asset Management LLC now owns 71,438 shares of the software giant’s stock worth $30,577,000 after purchasing an additional 57,093 shares in the last quarter. Hoffman Alan N Investment Management boosted its position in shares of Microsoft by 0.3% in the 3rd quarter. Hoffman Alan N Investment Management now owns 77,217 shares of the software giant’s stock worth $33,226,000 after buying an additional 217 shares in the last quarter. Value Partners Investments Inc. boosted its position in shares of Microsoft by 1.9% in the 3rd quarter. Value Partners Investments Inc. now owns 51,719 shares of the software giant’s stock worth $22,255,000 after buying an additional 977 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Microsoft by 1.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 306,024 shares of the software giant’s stock worth $131,682,000 after buying an additional 3,802 shares in the last quarter. Finally, Eagle Rock Investment Company LLC boosted its position in shares of Microsoft by 13.0% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 42,556 shares of the software giant’s stock worth $18,312,000 after buying an additional 4,895 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on MSFT. TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Finally, DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. This trade represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,431 shares of company stock valued at $74,956,968 over the last 90 days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Down 0.1 %

MSFT stock opened at $414.17 on Friday. Microsoft Co. has a twelve month low of $362.90 and a twelve month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.08 trillion, a P/E ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.91. The firm has a 50 day simple moving average of $422.21 and a 200-day simple moving average of $426.05.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.99 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 24.75%.

Microsoft declared that its board has initiated a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.