Microsoft Co. (NASDAQ:MSFT) Shares Sold by Henrickson Nauta Wealth Advisors Inc.

Posted by MarketBeat News on May 13th, 2023

Henrickson Nauta Wealth Advisors Inc. cut its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,862 shares of the software giant’s stock after selling 121 shares during the period. Microsoft accounts for 0.5% of Henrickson Nauta Wealth Advisors Inc.’s holdings, making the stock its 21st largest position. Henrickson Nauta Wealth Advisors Inc.’s holdings in Microsoft were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Microsoft by 1.0% in the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. State Street Corp raised its position in Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares during the period. Price T Rowe Associates Inc. MD raised its position in Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after purchasing an additional 556,020 shares during the period. Alliancebernstein L.P. raised its position in Microsoft by 0.4% in the third quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock valued at $11,514,665,000 after purchasing an additional 208,765 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Microsoft by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 40,345,546 shares of the software giant’s stock valued at $9,396,477,000 after purchasing an additional 215,103 shares during the period. 69.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value 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 approximately $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,767 shares of company stock valued at $13,735,181. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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MSFT has been the topic of a number of research analyst reports. Fundamental Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. BMO Capital Markets upgraded Microsoft from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $325.00 to $347.00 in a report on Wednesday, April 26th. BNP Paribas downgraded Microsoft from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $310.00 to $300.00 in a report on Monday, April 24th. Piper Sandler boosted their target price on Microsoft from $290.00 to $348.00 in a research note on Wednesday, April 26th. Finally, Rosenblatt Securities boosted their target price on Microsoft from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.28.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $308.97 on Friday. Microsoft Co. has a one year low of $213.43 and a one year high of $313.00. The business’s fifty day moving average price is $284.73 and its two-hundred day moving average price is $258.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The stock has a market cap of $2.30 trillion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.75 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. During the same quarter last year, the firm earned $2.22 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Microsoft Co. will post 9.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is currently 29.47%.

Microsoft Company Profile

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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.