Schrum Private Wealth Management LLC Lowers Holdings in Microsoft Co. (NASDAQ:MSFT)

Schrum Private Wealth Management LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,478 shares of the software giant’s stock after selling 3,601 shares during the period. Microsoft comprises 7.7% of Schrum Private Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Schrum Private Wealth Management LLC’s holdings in Microsoft were worth $5,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MSFT. Sicart Associates LLC boosted its position in shares of Microsoft by 2.9% during the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after acquiring an additional 26 shares during the last quarter. Capital Wealth Management LLC lifted its position in Microsoft by 1.7% during the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after purchasing an additional 26 shares during the last quarter. Mayfair Advisory Group LLC grew its stake in shares of Microsoft by 0.7% in the 4th quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after buying an additional 27 shares in the last quarter. Triton Wealth Management PLLC boosted its stake in shares of Microsoft by 0.5% during the 4th quarter. Triton Wealth Management PLLC now owns 5,864 shares of the software giant’s stock worth $2,167,000 after purchasing an additional 28 shares during the period. Finally, O Connor Financial Group LLC lifted its stake in Microsoft by 1.4% in the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSFT. Sanford C. Bernstein raised their price target on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. KeyCorp initiated coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group increased their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $452.61.

Insiders Place Their Bets

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,025,258 shares of company stock worth $12,160,356. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 2.2 %

Shares of MSFT stock opened at $406.66 on Friday. The stock’s 50-day simple moving average is $413.68 and its 200-day simple moving average is $390.05. The firm has a market capitalization of $3.02 trillion, a PE ratio of 35.21, a P/E/G ratio of 2.10 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $303.40 and a fifty-two week high of $430.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the prior year, the firm earned $2.45 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 25.97%.

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.