Microsoft Co. (NASDAQ:MSFT) Stock Position Trimmed by Wolff Financial Management LLC

Wolff Financial Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,305 shares of the software giant’s stock after selling 279 shares during the period. Microsoft makes up approximately 0.7% of Wolff Financial Management LLC’s investment portfolio, making the stock its 21st largest position. Wolff Financial Management LLC’s holdings in Microsoft were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. FMR LLC increased its position in Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after acquiring an additional 5,762,902 shares during the period. Barclays PLC increased its holdings in shares of Microsoft by 9.3% during the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after purchasing an additional 2,456,190 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Microsoft during the fourth quarter valued at about $9,625,201,000. California Public Employees Retirement System grew its position in Microsoft by 9.2% in the third quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock worth $6,749,275,000 after buying an additional 1,796,956 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Microsoft by 0.8% in the third quarter. Raymond James & Associates now owns 10,671,615 shares of the software giant’s stock valued at $3,369,562,000 after buying an additional 88,583 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Evercore ISI increased their price target on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research note on Thursday, January 18th. BMO Capital Markets raised their target price on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $452.61.

Insider Activity at Microsoft

In other Microsoft news, 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 in the company, valued at approximately $231,823,855.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders have sold 1,025,258 shares of company stock worth $12,160,356 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $397.84 on Friday. Microsoft Co. has a 12 month low of $303.40 and a 12 month high of $430.82. The company has a market cap of $2.96 trillion, a P/E ratio of 34.45, a P/E/G ratio of 2.06 and a beta of 0.89. The business’s 50 day moving average is $413.76 and its two-hundred day moving average is $389.54. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 11.76 EPS for the current year.

Microsoft Announces Dividend

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