Microsoft Co. (NASDAQ:MSFT) Shares Sold by McGinn Penninger Investment Management Inc.

McGinn Penninger Investment Management Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,014 shares of the software giant’s stock after selling 405 shares during the quarter. Microsoft makes up about 10.9% of McGinn Penninger Investment Management Inc.’s holdings, making the stock its largest holding. McGinn Penninger Investment Management Inc.’s holdings in Microsoft were worth $16,096,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc grew its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the period. Quarry LP purchased a new position in Microsoft in the 2nd quarter valued at approximately $45,000. Innealta Capital LLC acquired a new position in Microsoft during the second quarter worth $75,000. Bellevue Group AG boosted its position in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC boosted its position in Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $415.00 on Friday. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.09 trillion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The stock has a 50 day moving average of $422.08 and a 200-day moving average of $425.44.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.99 EPS. On average, analysts expect that Microsoft Co. will post 12.94 EPS for the current fiscal year.

Microsoft declared that its board has approved a stock repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.80%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is presently 27.39%.

Insiders Place Their Bets

In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following 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 1.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,829 shares of company stock valued at $80,966,837 in the last quarter. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MSFT. BMO Capital Markets lowered their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Sanford C. Bernstein cut their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, UBS Group reduced their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft 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.