Hubbell Strickland Wealth Management LLC Sells 84 Shares of Microsoft Corporation (NASDAQ:MSFT)

Hubbell Strickland Wealth Management LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 0.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,933 shares of the software giant’s stock after selling 84 shares during the period. Microsoft comprises about 2.3% of Hubbell Strickland Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Hubbell Strickland Wealth Management LLC’s holdings in Microsoft were worth $4,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mcdaniel Terry & Co. lifted its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Brady Martz Wealth Solutions LLC raised its holdings in shares of Microsoft by 1.4% in the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock worth $2,496,000 after buying an additional 95 shares in the last quarter. 1900 Wealth Management LLC grew its stake in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. grew its stake in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. grew its stake in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after buying an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft 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 of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft 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 directly owned 476,999 shares of the company’s stock, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on MSFT shares. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Friday. Barclays boosted their price objective on shares of Microsoft from $494.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Loop Capital raised their price objective on Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Oppenheimer upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Wednesday, July 9th. Finally, Morgan Stanley restated an “overweight” rating and set a $530.00 price objective (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $555.86.

Microsoft Stock Down 0.2%

Shares of MSFT opened at $512.50 on Tuesday. Microsoft Corporation has a one year low of $344.79 and a one year high of $518.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The company has a market cap of $3.81 trillion, a P/E ratio of 39.61, a P/E/G ratio of 2.33 and a beta of 1.04. The firm has a 50 day simple moving average of $484.59 and a two-hundred day simple moving average of $432.22.

Microsoft (NASDAQ:MSFT) last issued 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. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the business posted $2.94 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is 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.