Microsoft Co. (NASDAQ:MSFT) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 45,624 shares of the software giant’s stock after selling 1,600 shares during the period. Microsoft makes up about 2.6% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 6th largest holding. Alpine Woods Capital Investors LLC’s holdings in Microsoft were worth $17,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Iron Horse Wealth Management LLC boosted its stake in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in Microsoft during the 3rd quarter valued at $87,000. Family CFO Inc boosted its position in Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares during the period. Cordant Inc. grew its position in Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new position in Microsoft during the 4th quarter valued at about $146,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. KeyCorp assumed coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price on the stock. Citigroup lowered their price objective on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 target price on shares of Microsoft in a research report on Monday, April 22nd. Finally, Barclays boosted their price objective on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Insider Transactions at Microsoft

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

Microsoft Price Performance

Shares of Microsoft stock opened at $406.32 on Monday. 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 fifty day simple moving average of $414.48 and a 200-day simple moving average of $388.51. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1-year low of $295.25 and a 1-year high of $430.82.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 38.87%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 EPS. On average, sell-side analysts expect that Microsoft Co. will post 11.71 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is 25.97%.

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.