Microsoft Corporation (NASDAQ:MSFT) Position Cut by TPG Financial Advisors LLC

TPG Financial Advisors LLC trimmed its stake in Microsoft Corporation (NASDAQ:MSFT) by 4.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,450 shares of the software giant’s stock after selling 105 shares during the quarter. TPG Financial Advisors LLC’s holdings in Microsoft were worth $920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MSFT. Fosun International Ltd lifted its holdings 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 acquiring an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC boosted its stake 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 valued at $1,866,000 after buying an additional 24 shares during the period. Retirement Financial Solutions LLC lifted its stake in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after purchasing 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 acquiring an additional 25 shares during the last quarter. 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 acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MSFT shares. Raymond James Financial increased their price target on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company lifted their price target on shares of Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a report on Wednesday, June 25th. Citigroup boosted their price target on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, DA Davidson upped their price objective on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $538.04.

Microsoft Stock Up 1.2%

Shares of MSFT opened at $511.70 on Friday. The stock has a market capitalization of $3.80 trillion, a PE ratio of 39.54, a P/E/G 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The company’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 earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company’s revenue for the quarter 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. Analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 currently 25.66%.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by company insiders.

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.