Zeit Capital LLC Sells 370 Shares of Microsoft Co. (NASDAQ:MSFT)

Zeit Capital LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,748 shares of the software giant’s stock after selling 370 shares during the period. Microsoft accounts for 1.2% of Zeit Capital LLC’s holdings, making the stock its 17th largest position. Zeit Capital LLC’s holdings in Microsoft were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Muirfield Wealth Advisors LLC increased its stake in shares of Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC grew its holdings in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after purchasing an additional 24 shares during the period. Boulder Wealth Advisors LLC increased its stake in Microsoft by 1.0% in the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock valued at $1,106,000 after purchasing an additional 25 shares in the last quarter. Sterling Group Wealth Management LLC increased its stake in Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock valued at $2,335,000 after purchasing an additional 25 shares in the last quarter. Finally, Kuhn & Co Investment Counsel raised its holdings in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock valued at $1,385,000 after purchasing an additional 25 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Wedbush boosted their price objective on Microsoft from $475.00 to $515.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, DA Davidson lifted their price target on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $509.16.

Insider Activity

In related news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,243 shares of company stock valued at $41,288,738 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $454.27 on Friday. The business’s 50 day simple moving average is $395.33 and its 200 day simple moving average is $412.61. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a market cap of $3.38 trillion, a price-to-earnings ratio of 36.58, a PEG ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. Microsoft’s payout ratio is 25.66%.

About Microsoft

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.