CVA Family Office LLC Sells 311 Shares of Microsoft Co. (NASDAQ:MSFT)

CVA Family Office LLC decreased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,338 shares of the software giant’s stock after selling 311 shares during the quarter. Microsoft makes up approximately 1.2% of CVA Family Office LLC’s portfolio, making the stock its 25th largest position. CVA Family Office LLC’s holdings in Microsoft were worth $4,271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSFT. Aaron Wealth Advisors LLC grew its stake in shares of Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after acquiring an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after acquiring an additional 6,129,708 shares in the last quarter. Bishop Rock Capital L.P. grew its position in Microsoft by 11,434.2% during the second quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock valued at $21,263,000 after buying an additional 5,413,630 shares during the period. Renaissance Technologies LLC bought a new position in Microsoft during the second quarter valued at about $981,125,000. Finally, Swiss National Bank grew its position in Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares during the period. Institutional investors own 69.15% of the company’s stock.

Microsoft Trading Up 4.1 %

MSFT stock opened at $276.20 on Friday. The company has a market capitalization of $2.06 trillion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The company’s 50 day moving average price is $251.22 and its two-hundred day moving average price is $245.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. The firm had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.48 earnings per share. As a group, analysts predict that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the transaction, the chief marketing officer now owns 117,362 shares in the company, valued at $31,614,975.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. Jefferies Financial Group set a $310.00 price target on shares of Microsoft in a research report on Monday, February 27th. JPMorgan Chase & Co. set a $305.00 price target on shares of Microsoft and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Rosenblatt Securities reduced their price target on shares of Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Barclays cut their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, January 10th. Finally, DA Davidson increased their target price on shares of Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $285.58.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.