Hurlow Wealth Management Group Inc. Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Hurlow Wealth Management Group Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,433 shares of the software giant’s stock after selling 215 shares during the quarter. Microsoft makes up approximately 4.1% of Hurlow Wealth Management Group Inc.’s holdings, making the stock its 8th largest position. Hurlow Wealth Management Group Inc.’s holdings in Microsoft were worth $11,814,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MSFT. Friedenthal Financial bought a new stake in Microsoft in the 4th quarter worth approximately $45,000. Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Microsoft in the 4th quarter worth $58,000. Bellevue Group AG lifted its stake in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Finally, PayPay Securities Corp raised its position in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. New Street Research initiated coverage on shares of Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. Bank of America increased their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. Finally, BMO Capital Markets increased their target price on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Trading Down 0.1 %

Shares of Microsoft stock opened at $408.39 on Friday. The firm has a fifty day moving average price of $428.49 and a 200 day moving average price of $422.81. The stock has a market cap of $3.04 trillion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. 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 0.16, a current ratio of 1.27 and a quick ratio of 1.27.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid 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 dividend yield of 0.73%. Microsoft’s dividend payout ratio is currently 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.