AAF Wealth Management LLC Sells 67 Shares of Microsoft Co. (NASDAQ:MSFT)

AAF Wealth Management LLC reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,806 shares of the software giant’s stock after selling 67 shares during the period. Microsoft accounts for approximately 0.3% of AAF Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. AAF Wealth Management LLC’s holdings in Microsoft were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of MSFT. Iron Horse Wealth Management LLC bought a new stake in Microsoft during the fourth quarter valued at about $26,000. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the first quarter worth about $28,000. Hanseatic Management Services Inc. grew its position in Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after acquiring an additional 55 shares in the last quarter. Retirement Financial Solutions LLC purchased a new position in Microsoft in the fourth quarter worth about $40,000. Finally, PayPay Securities Corp purchased a new position in Microsoft in the fourth quarter worth about $54,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Down 1.8 %

MSFT opened at $315.26 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88. The company’s 50 day simple moving average is $293.30 and its two-hundred day simple moving average is $263.09. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $322.72. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.22 EPS. Analysts expect that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.86%. Microsoft’s dividend payout ratio (DPR) is 29.47%.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total value of $1,584,350.00. Following the completion of the transaction, the chief marketing officer now owns 89,328 shares in the company, valued at $28,305,363.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction on 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 owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the transaction, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The disclosure for this sale can be found here. Insiders sold a total of 54,848 shares of company stock worth $16,635,227 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MSFT shares. Macquarie upgraded Microsoft from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $260.00 to $325.00 in a research report on Wednesday, April 26th. Mizuho lifted their price target on Microsoft from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. 888 restated a “maintains” rating on shares of Microsoft in a research report on Wednesday, April 26th. Morgan Stanley boosted their price target on Microsoft from $307.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Finally, The Goldman Sachs Group boosted their price target on Microsoft from $325.00 to $335.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.28.

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.