Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Fortitude Family Office LLC

Fortitude Family Office LLC trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT) by 27.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the software giant’s stock after selling 2,302 shares during the period. Microsoft comprises approximately 0.8% of Fortitude Family Office LLC’s holdings, making the stock its 25th largest holding. Fortitude Family Office LLC’s holdings in Microsoft were worth $2,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fosun International Ltd boosted its position in Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock worth $2,490,000 after purchasing an additional 23 shares during the period. Muirfield Wealth Advisors LLC raised its position in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC lifted its stake in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after buying an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel lifted its stake in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after buying an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group boosted its holdings in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Microsoft stock opened at $503.02 on Tuesday. The firm has a market capitalization of $3.74 trillion, a P/E ratio of 38.87, a P/E/G ratio of 2.28 and a beta of 1.04. The stock has a fifty day moving average price of $471.98 and a two-hundred day moving average price of $426.18. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

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, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $2.94 EPS. As a group, analysts anticipate 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. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSFT. Citigroup upped their price target on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Wells Fargo & Company lifted their price objective on Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. UBS Group restated a “positive” rating on shares of Microsoft in a research note on Monday, June 30th. The Goldman Sachs Group lifted their price target on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Finally, Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $534.14.

Insiders Place Their Bets

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the business’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 completion of the transaction, the insider directly owned 476,999 shares in the company, 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. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last ninety days. 0.03% of the stock is owned by insiders.

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.