Avaii Wealth Management LLC Sells 82 Shares of Microsoft Corporation (NASDAQ:MSFT)

Avaii Wealth Management LLC lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,405 shares of the software giant’s stock after selling 82 shares during the period. Microsoft comprises 0.5% of Avaii Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Avaii Wealth Management LLC’s holdings in Microsoft were worth $903,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MSFT. Fosun International Ltd increased its stake in Microsoft by 0.3% in the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock worth $2,490,000 after acquiring an additional 23 shares during the last quarter. Muirfield Wealth Advisors LLC grew its position in shares of Microsoft by 0.5% in the 4th 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 last quarter. Retirement Financial Solutions LLC grew its position in shares of Microsoft by 2.3% in the 4th 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 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock valued at $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group lifted its stake in shares of Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Westpark Capital restated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. UBS Group reiterated a “positive” rating on shares of Microsoft in a research report on Monday, June 30th. Citigroup boosted their price objective on Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Finally, Stifel Nicolaus upped their target price on Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $538.04.

Microsoft Stock Performance

Microsoft stock opened at $511.70 on Friday. The firm’s 50 day simple moving average is $476.35 and its 200-day simple moving average is $427.88. The company has a market cap of $3.80 trillion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. 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 Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $513.37.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for 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%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 earnings per share. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is currently 25.66%.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were 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 owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated Thursday, May 15th. The stock was 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 approximately $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company 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.