Microsoft Co. (NASDAQ:MSFT) Shares Sold by Boltwood Capital Management

Boltwood Capital Management reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,505 shares of the software giant’s stock after selling 96 shares during the quarter. Microsoft comprises about 1.6% of Boltwood Capital Management’s holdings, making the stock its 15th largest position. Boltwood Capital Management’s holdings in Microsoft were worth $3,958,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Monumental Financial Group Inc. acquired a new position in Microsoft in the 1st quarter valued at $28,000. Hanseatic Management Services Inc. increased its stake in Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in Microsoft in the 3rd quarter valued at $82,000. Avondale Wealth Management increased its stake in Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares during the period. Finally, Beutel Goodman & Co Ltd. boosted its position in shares of Microsoft by 57.5% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares in the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Fundamental Research decreased their target price on shares of Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a research report on Thursday, February 2nd. Mizuho boosted their target price on shares of Microsoft from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets lowered shares of Microsoft from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. Piper Sandler boosted their target price on shares of Microsoft from $247.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $285.00 target price on shares of Microsoft in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $286.05.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 1.2 %

NASDAQ MSFT opened at $279.43 on Friday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The company has a 50-day moving average of $252.31 and a 200-day moving average of $245.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The company has a market cap of $2.08 trillion, a P/E ratio of 31.05, a P/E/G ratio of 2.44 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.48 EPS. As a group, equities analysts predict that Microsoft Co. will post 9.34 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.