Intrepid Financial Planning Group LLC Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Intrepid Financial Planning Group LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,686 shares of the software giant’s stock after selling 165 shares during the period. Microsoft accounts for approximately 1.2% of Intrepid Financial Planning Group LLC’s holdings, making the stock its 23rd biggest position. Intrepid Financial Planning Group LLC’s holdings in Microsoft were worth $2,818,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the 3rd quarter valued at about $62,000. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

MSFT stock opened at $454.86 on Friday. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The business has a 50-day moving average price of $401.04 and a 200 day moving average price of $413.59. The company has a market capitalization of $3.38 trillion, a P/E ratio of 36.62, a PEG ratio of 2.21 and a beta of 0.99. 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 posted its 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 net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the firm posted $2.94 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president now owns 134,888 shares of the company’s stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,743 shares of company stock worth $58,375,673 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MSFT shares. Wells Fargo & Company upped their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Jefferies Financial Group increased their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, May 1st. The Goldman Sachs Group lifted their price objective on shares of Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler reissued an “overweight” rating on shares of Microsoft in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of Microsoft from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $513.13.

Microsoft 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.