MTM Investment Management LLC Lowers Position in Microsoft Co. (NASDAQ:MSFT)

MTM Investment Management LLC reduced its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 2.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,020 shares of the software giant’s stock after selling 397 shares during the period. Microsoft makes up approximately 3.1% of MTM Investment Management LLC’s holdings, making the stock its 4th largest holding. MTM Investment Management LLC’s holdings in Microsoft were worth $7,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP purchased a new position in Microsoft in the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. purchased a new position in Microsoft in the 3rd quarter worth approximately $62,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter worth $75,000. Finally, Carolina Wealth Advisors LLC raised its holdings in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $444.06 on Monday. The stock has a market capitalization 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 simple moving average of $431.05 and a two-hundred day simple moving average of $425.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion for 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 revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.99 earnings per share. On average, research analysts predict that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $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 is available through this link. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Mizuho increased their target price on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Morgan Stanley lowered their price objective on Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. KeyCorp raised their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Piper Sandler upped their price target on shares of Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $512.66.

Check Out Our Latest Stock Report on Microsoft

Microsoft Company 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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