Capasso Planning Partners LLC Sells 1,806 Shares of Microsoft Co. (NASDAQ:MSFT)

Capasso Planning Partners LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 29.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,388 shares of the software giant’s stock after selling 1,806 shares during the quarter. Microsoft makes up 0.7% of Capasso Planning Partners LLC’s holdings, making the stock its 27th biggest holding. Capasso Planning Partners LLC’s holdings in Microsoft were worth $1,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in Microsoft by 43,900.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock valued at $860,913,000 after purchasing an additional 2,037,857 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent research reports. Barclays lifted their price target on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Bank of America decreased their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets boosted their price target on Microsoft from $470.00 to $485.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. UBS Group reduced their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Wedbush boosted their price target on Microsoft from $475.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.30.

Microsoft Trading Up 0.3%

NASDAQ:MSFT opened at $454.27 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $3.38 trillion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The business has a fifty day moving average price of $395.33 and a 200-day moving average price of $412.34.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the business posted $2.94 EPS. Microsoft’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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,243 shares of company stock valued at $41,288,738. Insiders own 0.03% of the company’s stock.

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.