Cromwell Holdings LLC Sells 157 Shares of Microsoft Co. (NASDAQ:MSFT)

Cromwell Holdings LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,468 shares of the software giant’s stock after selling 157 shares during the period. Microsoft comprises 5.4% of Cromwell Holdings LLC’s portfolio, making the stock its 2nd largest position. Cromwell Holdings LLC’s holdings in Microsoft were worth $8,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Elwood & Goetz Wealth Advisory Group LLC boosted its stake in shares of Microsoft by 37.9% during the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 8,438 shares of the software giant’s stock valued at $3,631,000 after buying an additional 2,317 shares during the last quarter. Capital Management Associates Inc raised its holdings in Microsoft by 72.3% in the third quarter. Capital Management Associates Inc now owns 8,005 shares of the software giant’s stock valued at $3,445,000 after acquiring an additional 3,360 shares in the last quarter. Lincoln Capital Corp boosted its stake in Microsoft by 0.7% during the 3rd quarter. Lincoln Capital Corp now owns 51,069 shares of the software giant’s stock valued at $21,975,000 after acquiring an additional 378 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in Microsoft by 30.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 95,231 shares of the software giant’s stock worth $40,978,000 after acquiring an additional 22,075 shares in the last quarter. Finally, North Ridge Wealth Advisors Inc. increased its position in shares of Microsoft by 27.5% in the 3rd quarter. North Ridge Wealth Advisors Inc. now owns 13,907 shares of the software giant’s stock worth $5,984,000 after purchasing an additional 3,002 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets decreased their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Citigroup lowered their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Piper Sandler restated an “overweight” rating and issued a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $508.46.

Insider Buying and Selling at Microsoft

In other Microsoft 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 value of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the firm’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 directly owns 103,366 shares of the company’s stock, valued at approximately $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. 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 Down 0.1 %

MSFT stock opened at $436.60 on Monday. The firm’s 50-day moving average is $427.02 and its two-hundred day moving average is $428.42. 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 company has a market capitalization of $3.25 trillion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 52 week low of $366.50 and a 52 week high of $468.35.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft declared that its board has authorized a share buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.