Microsoft Co. (NASDAQ:MSFT) Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 12.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,488 shares of the software giant’s stock after selling 214 shares during the period. Camelot Portfolios LLC’s holdings in Microsoft were worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the 1st quarter worth approximately $28,000. Gleason Group Inc. boosted its position in Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after buying an additional 105 shares during the period. Syverson Strege & Co boosted its position in Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after buying an additional 124 shares during the period. MayTech Global Investments LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $83,000. Finally, Beutel Goodman & Co Ltd. boosted its position in Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock worth $38,195,619 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Redburn Partners decreased their price target on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a research report on Friday, August 11th. Morgan Stanley raised their price target on shares of Microsoft from $335.00 to $415.00 in a research report on Thursday, July 6th. Rosenblatt Securities raised their price target on shares of Microsoft from $370.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday. Barclays decreased their price objective on shares of Microsoft from $425.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Finally, Tigress Financial lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $384.34.

Microsoft Trading Up 0.6 %

NASDAQ MSFT opened at $329.81 on Monday. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.75 and a current ratio of 1.66. The firm’s fifty day moving average is $326.68 and its two-hundred day moving average is $324.68. The firm has a market cap of $2.45 trillion, a PE ratio of 31.93, a P/E/G ratio of 2.26 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.34. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The business had revenue of $56.52 billion for the quarter, compared to analyst estimates of $54.52 billion. During the same period in the previous year, the business posted $2.35 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 11.11 earnings per share for the current year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.91%. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. Microsoft’s payout ratio is 26.33%.

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.