Retireful LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 25.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,645 shares of the software giant’s stock after selling 576 shares during the period. Retireful LLC’s holdings in Microsoft were worth $708,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft in the 2nd quarter worth about $45,000. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the 3rd quarter worth about $62,000. Innealta Capital LLC bought a new position in Microsoft in the second quarter valued at about $75,000. Finally, Carolina Wealth Advisors LLC boosted its stake in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Insider Buying and Selling
In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.99 earnings per share. Equities analysts expect that Microsoft Co. will post 12.9 EPS for the current year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.
Analyst Ratings Changes
A number of brokerages have recently commented on MSFT. Citigroup cut their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Mizuho boosted their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Morgan Stanley lowered their price objective on shares of Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $512.66.
Check Out Our Latest Analysis 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.
See Also
- Five stocks we like better than Microsoft
- Canada Bond Market Holiday: How to Invest and Trade
- MP Materials: Rare Earth Elements Powering the EV Boom
- Why Are Stock Sectors Important to Successful Investing?
- Verizon’s Turnaround Gains Traction: New Highs Are Likely in 2025
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Bloom Energy: Powering the Future With Decentralized Energy
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:MSFT – Free Report).
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.