Scott Capital Advisors LLC Sells 1,337 Shares of Microsoft Co. (NASDAQ:MSFT)

Scott Capital Advisors LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.6% in the fourth quarter, HoldingsChannel reports. The fund owned 19,043 shares of the software giant’s stock after selling 1,337 shares during the period. Microsoft makes up 2.4% of Scott Capital Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Scott Capital Advisors LLC’s holdings in Microsoft were worth $7,161,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC increased its stake in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares during the period. Infrastructure Capital Advisors LLC purchased a new position in shares of Microsoft in the second quarter worth $601,000. Hibernia Wealth Partners LLC purchased a new position in shares of Microsoft in the third quarter worth $69,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on MSFT. China Renaissance began coverage on shares of Microsoft in a research note on Tuesday, December 5th. They issued a “buy” rating and a $466.00 target price on the stock. Argus lifted their target price on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. BMO Capital Markets lifted their target price on shares of Microsoft from $420.00 to $455.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Raymond James boosted their price objective on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Mizuho boosted their price objective on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $423.34.

Check Out Our Latest Research Report on Microsoft

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $421.65 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a market capitalization of $3.13 trillion, a P/E ratio of 38.12, a P/E/G ratio of 2.28 and a beta of 0.89. The company’s 50-day simple moving average is $409.02 and its two-hundred day simple moving average is $373.03. Microsoft Co. has a 52-week low of $272.05 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 EPS. As a group, analysts predict that Microsoft Co. will post 11.63 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 27.12%.

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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