Regent Peak Wealth Advisors LLC Sells 2,018 Shares of Microsoft Corporation (NASDAQ:MSFT)

Regent Peak Wealth Advisors LLC cut its position in Microsoft Corporation (NASDAQ:MSFT) by 6.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,129 shares of the software giant’s stock after selling 2,018 shares during the quarter. Microsoft comprises about 2.4% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 11th biggest holding. Regent Peak Wealth Advisors LLC’s holdings in Microsoft were worth $10,184,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Microsoft during the fourth quarter worth about $44,343,058,000. GAMMA Investing LLC lifted its position in Microsoft by 40,290.4% during the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock worth $17,528,950,000 after purchasing an additional 46,579,693 shares during the period. Proficio Capital Partners LLC lifted its position in Microsoft by 34,643.3% during 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 during the period. Northern Trust Corp lifted its position in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. lifted its position in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $498.25 on Monday. The company has a 50 day moving average price of $461.41 and a 200-day moving average price of $423.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $500.76. The company has a market capitalization of $3.70 trillion, a PE ratio of 38.50, a P/E/G ratio of 2.26 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.94 earnings per share. As a group, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 25th. Cantor Fitzgerald upped their price objective on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. TD Securities upped their price objective on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Wall Street Zen downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, June 30th. Finally, Westpark Capital restated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $524.71.

Microsoft Company 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.