Brickley Wealth Management reduced its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,980 shares of the software giant’s stock after selling 113 shares during the quarter. Microsoft comprises approximately 0.2% of Brickley Wealth Management’s investment portfolio, making the stock its 27th biggest holding. Brickley Wealth Management’s holdings in Microsoft were worth $852,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after buying an additional 97,075 shares during the period. Dimensional Fund Advisors LP lifted its position in Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after buying an additional 1,563,533 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Microsoft by 3.3% in the third quarter. Principal Financial Group Inc. now owns 15,651,058 shares of the software giant’s stock worth $6,734,651,000 after acquiring an additional 501,954 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Microsoft by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Microsoft
In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by insiders.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.99 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.
Analyst Ratings Changes
Several brokerages recently issued reports on MSFT. Morgan Stanley increased their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a report on Monday, September 23rd. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $511.62.
Get Our Latest Stock Report on MSFT
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.
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