E&G Advisors LP Sells 924 Shares of Microsoft Corporation (NASDAQ:MSFT)

E&G Advisors LP decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 7.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 12,246 shares of the software giant’s stock after selling 924 shares during the period. Microsoft comprises 1.3% of E&G Advisors LP’s portfolio, making the stock its 14th biggest position. E&G Advisors LP’s holdings in Microsoft were worth $4,597,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSFT. WFA Asset Management Corp raised its stake in shares of Microsoft by 27.0% during the 1st 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. raised its stake in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC raised its stake in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. raised its stake in shares of Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock worth $1,000,000 after purchasing an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick bought a new stake in shares of Microsoft during the 4th quarter worth approximately $1,375,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $535.64 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.98 trillion, a PE ratio of 39.27, a P/E/G ratio of 2.31 and a beta of 1.06. The business has a 50 day moving average of $491.65 and a 200 day moving average of $435.76. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. During the same quarter in the prior year, the company earned $2.95 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is currently 24.34%.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,743 shares of company stock valued at $24,921,913. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Benchmark reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Westpark Capital reissued a “hold” rating on shares of Microsoft in a report on Thursday, July 31st. BMO Capital Markets boosted their target price on Microsoft from $550.00 to $650.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Scotiabank boosted their target price on Microsoft from $500.00 to $650.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $609.86.

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.