Microsoft Co. (NASDAQ:MSFT) Shares Sold by Charles Carroll Financial Partners LLC

Charles Carroll Financial Partners LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,625 shares of the software giant’s stock after selling 575 shares during the period. Microsoft accounts for about 6.5% of Charles Carroll Financial Partners LLC’s holdings, making the stock its 6th biggest holding. Charles Carroll Financial Partners LLC’s holdings in Microsoft were worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC lifted its position in Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd increased its stake in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after buying an additional 196,338 shares during the period. Altus Wealth Group LLC increased its stake in Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after buying an additional 152 shares during the period. Powell Investment Advisors LLC increased its stake in Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its stake in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after buying an additional 512 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. Raymond James raised their price objective on Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Tigress Financial raised their price target on shares of Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Barclays upped their price target on shares of Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Microsoft from $340.00 to $380.00 in a report on Tuesday, May 30th. Finally, DA Davidson upped their target price on shares of Microsoft from $350.00 to $415.00 in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $373.68.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $328.66 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $332.77 and a 200-day simple moving average of $308.06. The company has a market cap of $2.44 trillion, a PE ratio of 33.92, a P/E/G ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The business had revenue of $56.19 billion for the quarter, compared to analysts’ expectations of $55.49 billion. During the same period in the previous year, the business earned $2.23 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. Microsoft’s dividend payout ratio is presently 28.07%.

Microsoft Company 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.