Total Investment Management Inc. Sells 661 Shares of Microsoft Co. (NASDAQ:MSFT)

Total Investment Management Inc. lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,352 shares of the software giant’s stock after selling 661 shares during the period. Microsoft makes up approximately 0.1% of Total Investment Management Inc.’s portfolio, making the stock its 27th largest position. Total Investment Management Inc.’s holdings in Microsoft were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Vanguard Group Inc. lifted its stake in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after buying an additional 3,078,099 shares in the last quarter. Capital International Investors increased its holdings in Microsoft by 1.0% in the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after acquiring an additional 842,884 shares during the last quarter. Rhumbline Advisers increased its holdings in Microsoft by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the last quarter. Swedbank AB increased its holdings in Microsoft by 2.7% in the 2nd quarter. Swedbank AB now owns 13,640,068 shares of the software giant’s stock valued at $6,096,428,000 after acquiring an additional 360,171 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Microsoft by 15.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,931,721 shares of the software giant’s stock valued at $5,019,942,000 after acquiring an additional 1,613,050 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last 90 days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MSFT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Piper Sandler lowered their price objective on shares of Microsoft from $485.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Wedbush reissued an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, Mizuho boosted their price objective on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $495.58.

Microsoft Price Performance

Shares of MSFT opened at $424.73 on Friday. The firm has a 50-day simple moving average of $420.33 and a two-hundred day simple moving average of $424.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $326.94 and a 1-year high of $468.35. The stock has a market cap of $3.16 trillion, a PE ratio of 36.77, a P/E/G ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, analysts forecast that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft announced that its board has approved a stock repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 28.74%.

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.