McBroom & Associates LLC Trims Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

McBroom & Associates LLC lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,709 shares of the software giant’s stock after selling 81 shares during the quarter. Microsoft comprises 4.2% of McBroom & Associates LLC’s portfolio, making the stock its 11th largest position. McBroom & Associates LLC’s holdings in Microsoft were worth $7,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC raised its stake in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. grew its holdings in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after buying an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC grew its holdings in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. grew its holdings in shares of Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in shares of Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 1.2%

MSFT stock opened at $511.70 on Friday. 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 firm has a market capitalization of $3.80 trillion, a PE ratio of 39.54, a PEG ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $513.37. The business’s 50 day simple moving average is $476.35 and its 200 day simple moving average is $427.88.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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%. Microsoft’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.94 EPS. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft’s payout ratio is 25.66%.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. UBS Group reaffirmed a “positive” rating on shares of Microsoft in a report on Monday, June 30th. Morgan Stanley reiterated an “overweight” rating and issued a $530.00 price target (up from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Finally, Stifel Nicolaus raised 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 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $538.04.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction 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 completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last ninety days. 0.03% of the stock is owned by corporate 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.