Sunburst Financial Group LLC Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Sunburst Financial Group LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,727 shares of the software giant’s stock after selling 304 shares during the quarter. Microsoft comprises about 1.0% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 21st largest position. Sunburst Financial Group LLC’s holdings in Microsoft were worth $3,705,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Microsoft during the 4th quarter valued at about $35,920,047,000. International Assets Investment Management LLC purchased a new stake in Microsoft during the fourth quarter valued at approximately $9,625,201,000. Vanguard Group Inc. lifted its stake in shares of Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares during the last quarter. TCI Fund Management Ltd. purchased a new position in shares of Microsoft in the 4th quarter worth approximately $4,000,376,000. Finally, FMR LLC increased its position in shares of Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after purchasing an additional 5,762,902 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp initiated coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, May 24th. Raymond James reissued an “outperform” rating and issued a $480.00 price objective (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Wells Fargo & Company boosted their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group increased their price target on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $467.12.

View Our Latest Research Report on Microsoft

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares in the company, valued at approximately $19,686,433. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now owns 47,255 shares in the company, valued at approximately $19,686,433. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock valued at $10,877,535 in the last three months. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 1.5 %

NASDAQ:MSFT opened at $467.56 on Friday. The stock has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.17 and a beta of 0.89. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $429.75 and a 200 day moving average of $412.76.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the business posted $2.45 EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.77 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, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.64%. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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