Greenwich Wealth Management LLC Sells 93 Shares of Microsoft Co. (NASDAQ:MSFT)

Greenwich Wealth Management LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,883 shares of the software giant’s stock after selling 93 shares during the quarter. Microsoft comprises 1.7% of Greenwich Wealth Management LLC’s portfolio, making the stock its 7th largest position. Greenwich Wealth Management LLC’s holdings in Microsoft were worth $24,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New Harbor Financial Group LLC increased its position in Microsoft by 55.9% in the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after acquiring an additional 450 shares during the period. Meeder Asset Management Inc. increased its position in Microsoft by 25.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock valued at $112,031,000 after acquiring an additional 51,273 shares during the period. AMG National Trust Bank increased its position in Microsoft by 19.0% in the 2nd quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock valued at $36,427,000 after acquiring an additional 12,994 shares during the period. True Link Financial Advisors LLC increased its position in Microsoft by 296.7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares during the period. Finally, Spinnaker Investment Group LLC increased its position in Microsoft by 2.7% in the 1st quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock valued at $5,268,000 after acquiring an additional 326 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on MSFT shares. UBS Group decreased their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Morgan Stanley increased their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen decreased their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Sanford C. Bernstein decreased their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $410.37 on Friday. The stock has a fifty day moving average of $420.69 and a 200-day moving average of $424.55. The firm has a market capitalization of $3.05 trillion, a P/E ratio of 33.86, a PEG ratio of 2.27 and a beta of 0.90. Microsoft Co. has a 12-month low of $344.77 and a 12-month high of $468.35. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.22. Microsoft had a return on equity of 35.73% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the company earned $2.99 earnings per share. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 24.75%.

Microsoft announced that its Board of Directors has initiated a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Microsoft Company 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.