Microsoft Co. (NASDAQ:MSFT) Shares Sold by Hedeker Wealth LLC

Hedeker Wealth LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,799 shares of the software giant’s stock after selling 625 shares during the quarter. Microsoft comprises approximately 5.6% of Hedeker Wealth LLC’s investment portfolio, making the stock its biggest position. Hedeker Wealth LLC’s holdings in Microsoft were worth $17,598,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sicart Associates LLC grew its position in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares during the period. Mayfair Advisory Group LLC lifted its stake in shares of Microsoft by 0.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock valued at $1,434,000 after buying an additional 27 shares in the last quarter. O Connor Financial Group LLC grew its holdings in shares of Microsoft by 1.4% during the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after buying an additional 31 shares during the last quarter. Navis Wealth Advisors LLC increased its position in shares of Microsoft by 2.1% during the third quarter. Navis Wealth Advisors LLC now owns 1,507 shares of the software giant’s stock worth $476,000 after acquiring an additional 31 shares in the last quarter. Finally, Kaizen Financial Strategies raised its holdings in shares of Microsoft by 0.4% in the 4th quarter. Kaizen Financial Strategies now owns 7,807 shares of the software giant’s stock worth $2,936,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MSFT. Macquarie raised their price objective on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Friday. Citigroup reduced their price objective on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Evercore ISI lifted their target price on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $452.61.

Microsoft Price Performance

Microsoft stock opened at $406.32 on Monday. The business has a 50-day simple moving average of $414.48 and a 200 day simple moving average of $388.51. Microsoft Co. has a 52 week low of $295.25 and a 52 week high of $430.82. The stock has a market cap of $3.02 trillion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.20 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

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

Microsoft Announces Dividend

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

Insider Buying and Selling

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

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.