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

PBMares Wealth Management LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,998 shares of the software giant’s stock after selling 527 shares during the period. Microsoft accounts for approximately 1.2% of PBMares Wealth Management LLC’s portfolio, making the stock its 19th largest holding. PBMares Wealth Management LLC’s holdings in Microsoft were worth $5,593,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MSFT. International Assets Investment Management LLC grew its holdings in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the period. Wulff Hansen & CO. boosted its position in shares of Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Microsoft by 67.5% during the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after purchasing an additional 2,404,348 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Microsoft by 31,648.5% during the second quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock worth $8,366,000 after purchasing an additional 1,865,996 shares during the period. Finally, PineStone Asset Management Inc. boosted its holdings in shares of Microsoft by 128.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,160,657 shares of the software giant’s stock valued at $1,412,656,000 after purchasing an additional 1,776,825 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Shares of MSFT opened at $430.53 on Friday. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The firm has a market capitalization of $3.20 trillion, a PE ratio of 35.52, a P/E/G ratio of 2.37 and a beta of 0.90. The firm has a 50-day moving average price of $428.90 and a 200 day moving average price of $428.87. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

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

Microsoft announced that its Board of Directors has approved a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. UBS Group boosted their target price on Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. KeyCorp raised their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. The Goldman Sachs Group dropped their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $509.90.

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.