Microsoft Co. (NASDAQ:MSFT) Shares Sold by Ycg LLC

Ycg LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 228,932 shares of the software giant’s stock after selling 6,986 shares during the quarter. Microsoft comprises about 7.7% of Ycg LLC’s holdings, making the stock its largest holding. Ycg LLC’s holdings in Microsoft were worth $96,495,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Smart Portfolios LLC boosted its position in shares of Microsoft by 2.2% during the fourth quarter. Smart Portfolios LLC now owns 4,613 shares of the software giant’s stock worth $1,944,000 after buying an additional 98 shares during the period. EverSource Wealth Advisors LLC increased its position in Microsoft by 8.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 58,639 shares of the software giant’s stock valued at $24,716,000 after acquiring an additional 4,361 shares during the period. Summit X LLC increased its position in Microsoft by 4.1% in the 4th quarter. Summit X LLC now owns 21,837 shares of the software giant’s stock valued at $9,206,000 after acquiring an additional 860 shares during the period. Wealth High Governance Capital Ltda purchased a new stake in Microsoft in the 4th quarter valued at approximately $10,521,000. Finally, Windle Wealth LLC boosted its holdings in Microsoft by 4.5% in the 4th quarter. Windle Wealth LLC now owns 21,256 shares of the software giant’s stock valued at $8,959,000 after purchasing an additional 908 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several research analyst reports. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Jefferies Financial Group upped their price objective on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. DA Davidson upped their price objective on Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Royal Bank of Canada raised their target price on Microsoft from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.30.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. 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. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $454.27 on Monday. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock 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 stock’s 50 day moving average price is $395.33 and its 200 day moving average price is $412.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate 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 previous year, the company earned $2.94 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a 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.