Transform Wealth LLC Sells 365 Shares of Microsoft Corporation (NASDAQ:MSFT)

Transform Wealth LLC lessened its position in Microsoft Corporation (NASDAQ:MSFT) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,910 shares of the software giant’s stock after selling 365 shares during the quarter. Microsoft comprises 3.4% of Transform Wealth LLC’s holdings, making the stock its 4th largest position. Transform Wealth LLC’s holdings in Microsoft were worth $56,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC boosted its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC grew its stake in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after buying an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its stake in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its holdings in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after buying an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider directly owned 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MSFT shares. UBS Group restated a “positive” rating on shares of Microsoft in a report on Monday, June 30th. Bank of America dropped their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Wedbush upped their price objective on Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. Barclays increased their price target on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $534.14.

Microsoft Trading Up 0.4%

NASDAQ MSFT opened at $503.32 on Friday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78. The firm has a market capitalization of $3.74 trillion, a P/E ratio of 38.90, a PEG ratio of 2.28 and a beta of 1.04. The business has a fifty day simple moving average of $470.64 and a 200 day simple moving average of $425.76. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same period in the prior year, the firm earned $2.94 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio is 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.