Microsoft Co. (NASDAQ:MSFT) Shares Sold by Ridgecrest Wealth Partners LLC

Ridgecrest Wealth Partners LLC trimmed its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,182 shares of the software giant’s stock after selling 197 shares during the quarter. Microsoft comprises 3.8% of Ridgecrest Wealth Partners LLC’s investment portfolio, making the stock its 5th biggest position. Ridgecrest Wealth Partners LLC’s holdings in Microsoft were worth $6,387,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Microsoft by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after acquiring an additional 15,701,937 shares during the last quarter. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter worth about $35,920,047,000. International Assets Investment Management LLC purchased a new stake in Microsoft in the 4th quarter valued at about $9,625,201,000. Jennison Associates LLC lifted its position in Microsoft by 1.1% in the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after buying an additional 277,881 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after buying an additional 403,409 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $466.24 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The company has a 50-day simple moving average of $431.03 and a 200-day simple moving average of $413.99. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share 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%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm earned $2.45 EPS. On average, analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

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

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,566 shares of company stock worth $10,877,535. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MSFT shares. Raymond James restated an “outperform” rating and issued a $480.00 price objective (up from $450.00) on shares of Microsoft in a report on Friday, April 26th. Wells Fargo & Company raised their price target on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Macquarie boosted their price objective on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. The Goldman Sachs Group raised their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and thirty-three have issued 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 $467.12.

View Our Latest Report on MSFT

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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