Gitterman Wealth Management LLC Lowers Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Gitterman Wealth Management LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,060 shares of the software giant’s stock after selling 28 shares during the quarter. Microsoft accounts for 2.2% of Gitterman Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Gitterman Wealth Management LLC’s holdings in Microsoft were worth $4,911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Friedenthal Financial bought a new position in shares of Microsoft in the fourth quarter worth about $45,000. PayPay Securities Corp raised its stake in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the period. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft in the third quarter worth about $87,000. Kathleen S. Wright Associates Inc. raised its stake in shares of Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after buying an additional 143 shares during the period. Finally, Family CFO Inc grew its position in shares of Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after purchasing an additional 43 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $465.00 target price (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. KeyCorp began coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price for the company. Wedbush restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Wednesday, May 22nd. Finally, Sanford C. Bernstein raised their price target on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $456.83.

Read Our Latest Analysis on Microsoft

Microsoft Stock Down 3.4 %

Microsoft stock opened at $414.67 on Friday. The company has a market cap of $3.08 trillion, a PE ratio of 35.90, a PEG ratio of 2.27 and a beta of 0.89. The business’s 50-day simple moving average is $416.58 and its two-hundred day simple moving average is $400.40. 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 Co. has a fifty-two week low of $309.45 and a fifty-two week high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 EPS. Equities analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Microsoft Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.