Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Twin Peaks Wealth Advisors LLC

Twin Peaks Wealth Advisors LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,992 shares of the software giant’s stock after selling 718 shares during the quarter. Microsoft accounts for about 2.1% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 14th biggest holding. Twin Peaks Wealth Advisors LLC’s holdings in Microsoft were worth $4,626,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter valued at approximately $38,000. LSV Asset Management purchased a new position in shares of Microsoft during the fourth quarter worth approximately $44,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after acquiring an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MSFT shares. BMO Capital Markets lifted their target price on shares of Microsoft from $485.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Raymond James Financial lifted their target price on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. DA Davidson lifted their target price on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $530.00 target price (up from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $534.14.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $505.82 on Wednesday. The firm has a market capitalization of $3.76 trillion, a P/E ratio of 39.09, a PEG ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a one year low of $344.79 and a one year high of $508.30. The company’s fifty day moving average is $473.43 and its two-hundred day moving average is $426.73. 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 (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 EPS. Analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. 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 (DPR) is presently 25.66%.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president owned 43,930 shares of the company’s stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction 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 $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company’s stock.

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.