CVA Family Office LLC Sells 91 Shares of Microsoft Co. (NASDAQ:MSFT)

CVA Family Office LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,522 shares of the software giant’s stock after selling 91 shares during the period. Microsoft makes up about 1.6% of CVA Family Office LLC’s investment portfolio, making the stock its 12th largest position. CVA Family Office LLC’s holdings in Microsoft were worth $9,691,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the period. Quarry LP purchased a new stake in shares of Microsoft during the second quarter valued at $45,000. Innealta Capital LLC purchased a new stake in shares of Microsoft during the second quarter valued at $75,000. Bellevue Group AG boosted its stake in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC boosted its stake in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $423.46 on Friday. Microsoft Co. has a 52-week low of $362.90 and a 52-week high of $468.35. The firm’s 50-day moving average price is $420.84 and its 200-day moving average price is $426.53. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.15 trillion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the company earned $2.99 EPS. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has approved a stock buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is 27.39%.

Insider Buying and Selling

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction that occurred 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 approximately $203,784,292.95. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,431 shares of company stock worth $85,796,688. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. UBS Group lowered their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a research note on Thursday, October 31st. BMO Capital Markets lowered their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lowered their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft 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.