Microsoft Co. (NASDAQ:MSFT) Holdings Lowered by Tranquility Partners LLC

Tranquility Partners LLC lowered its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 38,095 shares of the software giant’s stock after selling 367 shares during the period. Microsoft accounts for about 5.9% of Tranquility Partners LLC’s holdings, making the stock its biggest position. Tranquility Partners LLC’s holdings in Microsoft were worth $16,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% during the 2nd 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 bought a new stake in shares of Microsoft during the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the third quarter worth about $62,000. Innealta Capital LLC purchased a new position in Microsoft during the second quarter valued at approximately $75,000. Finally, Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of Microsoft stock opened at $444.06 on Friday. The company has a market cap of $3.30 trillion, a PE ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90. The business has a 50 day moving average of $430.47 and a 200 day moving average of $425.69. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. 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:MSFTGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS 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 business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the business earned $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MSFT shares. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. UBS Group raised their target price on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Morgan Stanley lowered their price objective on shares of Microsoft from $548.00 to $540.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, KeyCorp upped their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $512.66.

Check Out Our Latest Research Report on MSFT

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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