CMH Wealth Management LLC Sells 916 Shares of Microsoft Co. (NASDAQ:MSFT)

CMH Wealth Management LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,608 shares of the software giant’s stock after selling 916 shares during the quarter. Microsoft makes up approximately 6.3% of CMH Wealth Management LLC’s holdings, making the stock its biggest holding. CMH Wealth Management LLC’s holdings in Microsoft were worth $26,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MSFT. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the 1st quarter valued at about $28,000. Atlantic Private Wealth LLC grew its position in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC bought a new position in Microsoft in the 3rd quarter worth about $69,000. Iron Horse Wealth Management LLC grew its position in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft in the 4th quarter worth about $83,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. KeyCorp assumed coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. Wells Fargo & Company upped their target price on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Macquarie upped their target price on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. BMO Capital Markets upped their target price on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Finally, Jefferies Financial Group upped their target price on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Four analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $430.52.

Insider Buying and Selling at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 0.2 %

Microsoft stock opened at $414.58 on Wednesday. The firm has a market cap of $3.08 trillion, a PE ratio of 37.48, a P/E/G ratio of 2.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The firm’s 50 day moving average price is $415.53 and its two-hundred day moving average price is $383.95. Microsoft Co. has a twelve month low of $275.37 and a twelve month high of $430.82.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 EPS. On average, research analysts predict that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.72%. Microsoft’s dividend payout ratio is presently 27.12%.

About Microsoft

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.