CJM Wealth Advisers Ltd. Reduces Position in Microsoft Co. (NASDAQ:MSFT)

CJM Wealth Advisers Ltd. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 4,927 shares of the software giant’s stock after selling 47 shares during the quarter. Microsoft comprises approximately 0.8% of CJM Wealth Advisers Ltd.’s investment portfolio, making the stock its 16th largest position. CJM Wealth Advisers Ltd.’s holdings in Microsoft were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Gunderson Capital Management Inc. boosted its holdings in shares of Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after acquiring an additional 185 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Microsoft by 4.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 82,267 shares of the software giant’s stock valued at $25,976,000 after acquiring an additional 3,209 shares during the last quarter. HS Management Partners LLC boosted its holdings in shares of Microsoft by 18.0% in the 3rd quarter. HS Management Partners LLC now owns 298,208 shares of the software giant’s stock valued at $94,159,000 after acquiring an additional 45,560 shares during the last quarter. Bailard Inc. boosted its holdings in shares of Microsoft by 1.2% in the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock valued at $148,497,000 after acquiring an additional 5,366 shares during the last quarter. Finally, RNC Capital Management LLC boosted its holdings in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after acquiring an additional 6,484 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 2.0 %

Shares of MSFT opened at $413.64 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.07 trillion, a P/E ratio of 37.40, a P/E/G ratio of 2.25 and a beta of 0.89. The firm has a 50-day moving average price of $415.35 and a 200 day moving average price of $383.26. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

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 0.73%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $455.00 price objective on shares of Microsoft in a report on Thursday, January 25th. Morgan Stanley boosted their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group reiterated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Raymond James boosted their target price on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets boosted their target price on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $430.52.

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last 90 days. 0.03% of the stock is owned by company insiders.

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.