Bernardo Wealth Planning LLC Sells 34 Shares of Microsoft Co. (NASDAQ:MSFT)

Bernardo Wealth Planning LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,515 shares of the software giant’s stock after selling 34 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Microsoft were worth $946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fortune Financial Advisors LLC grew its stake in shares of Microsoft by 3.0% during the 4th quarter. Fortune Financial Advisors LLC now owns 16,671 shares of the software giant’s stock worth $6,269,000 after acquiring an additional 486 shares in the last quarter. RFG Advisory LLC boosted its holdings in Microsoft by 1.5% during the fourth quarter. RFG Advisory LLC now owns 52,007 shares of the software giant’s stock worth $19,557,000 after purchasing an additional 762 shares during the last quarter. White Wing Wealth Management acquired a new stake in Microsoft in the 4th quarter valued at $201,000. Garrison Bradford & Associates Inc. lifted its position in Microsoft by 2.9% during the 4th quarter. Garrison Bradford & Associates Inc. now owns 16,014 shares of the software giant’s stock worth $6,022,000 after buying an additional 450 shares in the last quarter. Finally, Spectrum Wealth Advisory Group LLC boosted its stake in shares of Microsoft by 2.2% during the 4th quarter. Spectrum Wealth Advisory Group LLC now owns 2,728 shares of the software giant’s stock worth $1,026,000 after buying an additional 59 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders sold a total of 1,025,258 shares of company stock valued at $12,160,356 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MSFT shares. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 target price on shares of Microsoft in a report on Monday, April 22nd. Sanford C. Bernstein upped their price objective on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Citigroup decreased their target price on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price on the stock. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $452.61.

Microsoft Stock Performance

Shares of Microsoft stock opened at $406.66 on Friday. The company has a 50 day moving average of $413.76 and a 200-day moving average of $389.54. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 1-year low of $303.40 and a 1-year high of $430.82. The company has a market cap of $3.02 trillion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.09 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 11.76 earnings per share for the current fiscal 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 paid a $0.75 dividend. 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 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.