Luts & Greenleigh Group Inc. Sells 43 Shares of Microsoft Co. (NASDAQ:MSFT)

Luts & Greenleigh Group Inc. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,273 shares of the software giant’s stock after selling 43 shares during the period. Microsoft accounts for approximately 4.4% of Luts & Greenleigh Group Inc.’s portfolio, making the stock its 3rd biggest holding. Luts & Greenleigh Group Inc.’s holdings in Microsoft were worth $3,487,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its position in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft in the 3rd quarter valued at approximately $87,000. Family CFO Inc grew its stake in shares of Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the last quarter. Cordant Inc. grew its stake in shares of 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 purchasing an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $146,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Raymond James reiterated an “outperform” rating and issued a $480.00 target price (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Jefferies Financial Group lifted their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Morgan Stanley lifted their target price on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $452.61.

Microsoft Stock Performance

NASDAQ MSFT opened at $409.34 on Wednesday. Microsoft Co. has a fifty-two week low of $306.09 and a fifty-two week high of $430.82. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89. The business has a fifty day moving average of $413.84 and a 200-day moving average of $392.05. 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 released its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate 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 return on equity of 37.54% and a net margin of 36.43%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 earnings per share. As a group, analysts predict that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft’s payout ratio is currently 25.97%.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’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 completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. 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.