Microsoft Co. (NASDAQ:MSFT) Shares Sold by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,404 shares of the software giant’s stock after selling 134 shares during the quarter. Microsoft makes up about 2.1% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 15th largest holding. Cottonwood Capital Advisors LLC’s holdings in Microsoft were worth $2,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Friedenthal Financial purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC grew its position in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares in the last quarter. PayPay Securities Corp grew its position in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new stake in shares of Microsoft in the first quarter valued at approximately $80,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 0.3 %

Microsoft stock opened at $466.24 on Tuesday. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock has a market cap of $3.47 trillion, a PE ratio of 40.37, a P/E/G ratio of 2.20 and a beta of 0.89. The stock’s fifty day moving average is $431.03 and its two-hundred day moving average is $413.99.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the firm earned $2.45 earnings per share. Microsoft’s quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Tigress Financial upped their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Raymond James reiterated 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. New Street Research initiated coverage on Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective for the company. Morgan Stanley increased their price objective on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $465.00 price objective (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Read Our Latest Research Report on Microsoft

About Microsoft

(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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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