Salem Investment Counselors Inc. Sells 2,298 Shares of Microsoft Co. (NASDAQ:MSFT)

Salem Investment Counselors Inc. decreased its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 403,124 shares of the software giant’s stock after selling 2,298 shares during the quarter. Microsoft comprises approximately 5.2% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 3rd largest position. Salem Investment Counselors Inc.’s holdings in Microsoft were worth $151,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its stake in shares of Microsoft by 2.5% in the 4th quarter. SJS Investment Consulting Inc. now owns 7,748 shares of the software giant’s stock valued at $2,914,000 after purchasing an additional 188 shares during the period. Carlson Capital Management increased its holdings in Microsoft by 8.9% in the fourth quarter. Carlson Capital Management now owns 38,807 shares of the software giant’s stock worth $14,593,000 after purchasing an additional 3,167 shares in the last quarter. Strategic Wealth Investment Group LLC lifted its stake in Microsoft by 13.3% in the fourth quarter. Strategic Wealth Investment Group LLC now owns 37,006 shares of the software giant’s stock valued at $13,916,000 after buying an additional 4,336 shares during the period. WJ Wealth Management LLC boosted its holdings in shares of Microsoft by 6.1% during the 4th quarter. WJ Wealth Management LLC now owns 12,130 shares of the software giant’s stock worth $4,561,000 after buying an additional 692 shares in the last quarter. Finally, Eclectic Associates Inc. ADV grew its position in shares of Microsoft by 1.4% during the 4th quarter. Eclectic Associates Inc. ADV now owns 4,050 shares of the software giant’s stock worth $1,523,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

NASDAQ MSFT opened at $420.45 on Thursday. The company has a market capitalization of $3.12 trillion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The company has a 50-day simple moving average of $412.27 and a 200 day simple moving average of $376.71.

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

Microsoft Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSFT. Jefferies Financial Group increased their target price on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price for the company in a research note on Thursday, January 18th. Wedbush boosted their target price on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Piper Sandler reiterated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a report on Thursday, January 25th. Finally, Macquarie boosted their price objective on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $425.52.

Read Our Latest Analysis on Microsoft

Microsoft Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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