Brookmont Capital Management Sells 455 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by MarketBeat News on May 25th, 2023

Brookmont Capital Management reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,347 shares of the software giant’s stock after selling 455 shares during the period. Microsoft accounts for about 2.4% of Brookmont Capital Management’s holdings, making the stock its 13th biggest position. Brookmont Capital Management’s holdings in Microsoft were worth $3,920,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. DGS Capital Management LLC grew its stake in Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC grew its holdings in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares during the last quarter. Powell Investment Advisors LLC lifted its stake in Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its stake in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’s 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 sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The disclosure for this sale can be found here. Insiders sold 54,848 shares of company stock worth $16,635,227 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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MSFT has been the topic of several research analyst reports. Piper Sandler boosted their target price on Microsoft from $290.00 to $348.00 in a research note on Wednesday, April 26th. Evercore ISI boosted their price objective on shares of Microsoft from $295.00 to $337.00 in a research note on Wednesday, April 26th. TD Cowen upped their price target on Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Raymond James lifted their price target on Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Stifel Nicolaus increased their price target on shares of Microsoft from $310.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. One research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Microsoft Stock Performance

Shares of MSFT opened at $313.85 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2.33 trillion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $322.72. The company’s 50 day simple moving average is $294.26 and its 200-day simple moving average is $263.44.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating 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 company had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. During the same period last year, the business posted $2.22 EPS. The company’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.87%. Microsoft’s payout ratio 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.