Microsoft Co. (NASDAQ:MSFT) Shares Sold by Doheny Asset Management CA

Doheny Asset Management CA reduced its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,221 shares of the software giant’s stock after selling 80 shares during the quarter. Microsoft comprises approximately 2.0% of Doheny Asset Management CA’s holdings, making the stock its 18th largest position. Doheny Asset Management CA’s holdings in Microsoft were worth $2,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC increased its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter valued at about $62,000. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter worth about $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock opened at $452.57 on Thursday. The stock has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.21 and a beta of 0.99. The firm’s fifty day simple moving average is $399.71 and its 200-day simple moving average is $413.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the business posted $2.94 earnings per share. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MSFT shares. Raymond James raised their target price on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Barclays raised their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $512.63.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,243 shares of company stock valued at $48,619,618 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Profile

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.