Kercheville Advisors LLC Sells 4,835 Shares of Microsoft Corporation (NASDAQ:MSFT)

Kercheville Advisors LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 19.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 20,496 shares of the software giant’s stock after selling 4,835 shares during the quarter. Microsoft comprises approximately 3.1% of Kercheville Advisors LLC’s holdings, making the stock its 13th largest holding. Kercheville Advisors LLC’s holdings in Microsoft were worth $7,694,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider owned 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.0%

Microsoft stock opened at $510.06 on Tuesday. The firm has a 50 day moving average price of $477.78 and a 200-day moving average price of $428.61. The company has a market capitalization of $3.79 trillion, a P/E ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $514.64. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 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 quarter in the previous year, the firm posted $2.94 EPS. As a group, equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft’s payout ratio is currently 25.66%.

Analyst Ratings Changes

Several research firms have commented on MSFT. Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Wednesday, July 9th. BMO Capital Markets boosted their price objective on Microsoft from $485.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Mizuho boosted their price objective on Microsoft from $500.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. DA Davidson boosted their price objective on Microsoft from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Citigroup upped their target price on Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $543.79.

Microsoft 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.