Microsoft Co. (NASDAQ:MSFT) Shares Sold by Kaydan Wealth Management Inc.

Kaydan Wealth Management Inc. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,999 shares of the software giant’s stock after selling 33 shares during the quarter. Microsoft makes up about 0.6% of Kaydan Wealth Management Inc.’s holdings, making the stock its 22nd largest position. Kaydan Wealth Management Inc.’s holdings in Microsoft were worth $2,151,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of Microsoft during the first quarter worth about $5,587,119,000. Wulff Hansen & CO. lifted its position in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares during the period. Vanguard Group Inc. grew its stake in shares of Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Microsoft by 77.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the period. Finally, M&G Plc purchased a new stake in shares of Microsoft during the first quarter worth approximately $846,072,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on 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 sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,578 shares of company stock worth $40,553,696. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on MSFT shares. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. Piper Sandler restated an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Finally, BMO Capital Markets dropped their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $504.36.

Microsoft Stock Performance

Microsoft stock opened at $443.57 on Friday. Microsoft Co. has a fifty-two week low of $364.13 and a fifty-two week high of $468.35. The company has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 36.60, a PEG ratio of 2.29 and a beta of 0.90. The stock has a fifty day moving average of $421.16 and a two-hundred day moving average of $426.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the previous year, the company posted $2.99 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has initiated a stock buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

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.