Capstone Wealth Management LLC Reduces Position in Microsoft Corporation (NASDAQ:MSFT)

Capstone Wealth Management LLC lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,400 shares of the software giant’s stock after selling 35 shares during the quarter. Microsoft comprises about 0.9% of Capstone Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Capstone Wealth Management LLC’s holdings in Microsoft were worth $901,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp raised its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC grew its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Wealth Group Ltd. grew its position in Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after buying an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick purchased a new stake in shares of Microsoft during the 4th quarter worth $1,375,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Oppenheimer upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 target price on the stock in a research report on Wednesday, July 9th. Mizuho upped their price objective on shares of Microsoft from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America dropped their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Raymond James Financial increased their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Wedbush increased their price objective on shares of Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $538.04.

Microsoft Price Performance

MSFT opened at $511.70 on Friday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $513.37. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $476.35 and a two-hundred day simple moving average of $427.88. The company has a market cap of $3.80 trillion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04.

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

Microsoft Announces Dividend

The firm 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 of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 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.