Microsoft Co. (NASDAQ:MSFT) Shares Sold by GFG Capital LLC

GFG Capital LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,113 shares of the software giant’s stock after selling 337 shares during the quarter. Microsoft makes up approximately 1.2% of GFG Capital LLC’s investment portfolio, making the stock its 22nd largest position. GFG Capital LLC’s holdings in Microsoft were worth $6,633,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Good Life Advisors LLC raised its position in Microsoft by 0.6% in the 2nd quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock valued at $18,396,000 after purchasing an additional 311 shares in the last quarter. Carr Financial Group Corp grew its stake in shares of Microsoft by 4.0% in the 2nd quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock valued at $3,665,000 after purchasing an additional 417 shares during the last quarter. Planning Center Inc. boosted its stake in shares of Microsoft by 24.4% in the second quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock valued at $1,651,000 after buying an additional 950 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Microsoft by 6.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock worth $437,855,000 after buying an additional 94,563 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its position in shares of Microsoft by 1.2% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 19,877 shares of the software giant’s stock worth $6,769,000 after buying an additional 229 shares in the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 0.7 %

Shares of MSFT opened at $360.69 on Friday. Microsoft Co. has a twelve month low of $219.35 and a twelve month high of $366.78. The company has a market cap of $2.68 trillion, a P/E ratio of 34.92, a P/E/G ratio of 2.41 and a beta of 0.88. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $331.49 and its 200-day simple moving average is $328.45.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The company had revenue of $56.52 billion for the quarter, compared to the consensus estimate of $54.52 billion. During the same quarter last year, the firm posted $2.35 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, analysts expect that Microsoft Co. will post 11.11 EPS 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 issued a $0.75 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is currently 29.04%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSFT. KeyCorp increased their price objective on shares of Microsoft from $340.00 to $400.00 in a report on Tuesday, July 18th. Royal Bank of Canada reissued an “outperform” rating and set a $390.00 target price on shares of Microsoft in a research report on Wednesday, October 25th. Mizuho raised their price target on shares of Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Loop Capital started coverage on Microsoft in a research note on Tuesday, October 17th. They set a “buy” rating and a $425.00 price objective on the stock. Finally, Raymond James raised their price target on Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $384.34.

Insider Activity

In related news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the transaction, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

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.