Crowley Wealth Management Inc. Sells 232 Shares of Microsoft Corporation (NASDAQ:MSFT)

Crowley Wealth Management Inc. reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,399 shares of the software giant’s stock after selling 232 shares during the quarter. Microsoft comprises about 3.7% of Crowley Wealth Management Inc.’s portfolio, making the stock its 8th biggest position. Crowley Wealth Management Inc.’s holdings in Microsoft were worth $3,904,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Fosun International Ltd lifted its stake 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 last quarter. Muirfield Wealth Advisors LLC increased its holdings 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 worth $1,866,000 after buying an additional 24 shares during the period. Retirement Financial Solutions LLC increased its holdings 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 period. Kuhn & Co Investment Counsel increased its holdings 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 period. Finally, Alliance Wealth Management Group increased its holdings in shares of Microsoft by 0.4% in the fourth 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, Benchmark reiterated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $534.14.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $505.82 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average price is $473.43 and its 200-day moving average price is $426.73. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $508.30. The stock has a market cap of $3.76 trillion, a P/E ratio of 39.09, a P/E/G ratio of 2.28 and a beta of 1.04.

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

Microsoft Announces Dividend

The business 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft’s dividend payout ratio is currently 25.66%.

About Microsoft

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.