Pacific Wealth Management Sells 130 Shares of Microsoft Co. (NASDAQ:MSFT)

Pacific Wealth Management decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 653 shares of the software giant’s stock after selling 130 shares during the quarter. Microsoft makes up about 0.1% of Pacific Wealth Management’s investment portfolio, making the stock its 18th largest position. Pacific Wealth Management’s holdings in Microsoft were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fiduciary Advisors Inc. bought a new position in Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management increased its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the period. Fairway Wealth LLC bought a new stake in Microsoft during the 4th quarter worth about $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in Microsoft during the 4th quarter valued at about $120,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were 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 directly owns 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the transaction, the executive vice president now owns 47,058 shares of the company’s stock, valued at $21,647,150.58. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Finally, KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $513.59.

Microsoft Stock Performance

Shares of Microsoft stock opened at $470.38 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 cap of $3.50 trillion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The stock’s 50-day moving average is $417.20 and its 200-day moving average is $416.68. Microsoft Co. has a one year low of $344.79 and a one year high of $473.34.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (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 business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. Microsoft’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

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.