Vickerman Investment Advisors Inc. Sells 191 Shares of Microsoft Co. (NASDAQ:MSFT)

Vickerman Investment Advisors Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,531 shares of the software giant’s stock after selling 191 shares during the period. Microsoft comprises approximately 1.9% of Vickerman Investment Advisors Inc.’s holdings, making the stock its 13th largest position. Vickerman Investment Advisors Inc.’s holdings in Microsoft were worth $4,948,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Agate Pass Investment Management LLC lifted its stake in Microsoft by 0.7% in the 2nd quarter. Agate Pass Investment Management LLC now owns 23,000 shares of the software giant’s stock worth $7,833,000 after purchasing an additional 164 shares in the last quarter. Daniels&Tansey LLP lifted its stake in Microsoft by 3.7% in the 2nd quarter. Daniels&Tansey LLP now owns 1,493 shares of the software giant’s stock worth $508,000 after purchasing an additional 53 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in Microsoft by 1.8% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 15,324 shares of the software giant’s stock worth $5,218,000 after purchasing an additional 264 shares in the last quarter. Klingman & Associates LLC raised its position in shares of Microsoft by 6.9% during the 2nd quarter. Klingman & Associates LLC now owns 28,505 shares of the software giant’s stock valued at $9,707,000 after buying an additional 1,831 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its holdings in shares of Microsoft by 17.8% in the 2nd quarter. Sovereign Financial Group Inc. now owns 14,902 shares of the software giant’s stock valued at $5,075,000 after acquiring an additional 2,250 shares during the last quarter. Institutional investors own 69.20% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSFT. The Goldman Sachs Group raised their price objective on shares of Microsoft from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Argus raised their target price on shares of Microsoft from $371.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Guggenheim raised shares of Microsoft from a “sell” rating to a “neutral” rating in a research report on Monday, September 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 target price on shares of Microsoft in a research report on Monday, October 2nd. Finally, Piper Sandler raised their target price on shares of Microsoft from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $384.34.

Microsoft Trading Down 0.8 %

Shares of Microsoft stock opened at $366.68 on Tuesday. The firm has a 50-day simple moving average of $333.07 and a two-hundred day simple moving average of $330.11. The company has a market cap of $2.73 trillion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 2.46 and a beta of 0.88. Microsoft Co. has a fifty-two week low of $219.35 and a fifty-two week high of $370.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.66.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.34. The business had revenue of $56.52 billion during the quarter, compared to the consensus estimate of $54.52 billion. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.35 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 11.13 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.82%. This is an increase from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend 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.