SFG Wealth Management LLC. Sells 2,437 Shares of Microsoft Corporation (NASDAQ:MSFT)

SFG Wealth Management LLC. lessened its holdings in Microsoft Corporation (NASDAQ:MSFT) by 34.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,658 shares of the software giant’s stock after selling 2,437 shares during the period. Microsoft comprises approximately 0.9% of SFG Wealth Management LLC.’s holdings, making the stock its 24th biggest position. SFG Wealth Management LLC.’s holdings in Microsoft were worth $1,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KG&L Capital Management LLC raised its position in Microsoft by 15.8% in the first quarter. KG&L Capital Management LLC now owns 27,959 shares of the software giant’s stock worth $10,494,000 after acquiring an additional 3,817 shares during the period. DLK Investment Management LLC grew its position in shares of Microsoft by 2.2% during the 1st quarter. DLK Investment Management LLC now owns 36,571 shares of the software giant’s stock valued at $13,730,000 after acquiring an additional 778 shares during the period. Balefire LLC increased its stake in shares of Microsoft by 13.3% in the 1st quarter. Balefire LLC now owns 8,973 shares of the software giant’s stock worth $3,368,000 after purchasing an additional 1,051 shares in the last quarter. KPP Advisory Services LLC raised its holdings in Microsoft by 18.0% in the 1st quarter. KPP Advisory Services LLC now owns 32,461 shares of the software giant’s stock worth $12,186,000 after purchasing an additional 4,948 shares during the period. Finally, Goldstein Advisors LLC lifted its position in Microsoft by 2.0% during the first quarter. Goldstein Advisors LLC now owns 10,857 shares of the software giant’s stock valued at $4,075,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MSFT shares. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. UBS Group restated a “buy” rating and set a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Cantor Fitzgerald upped their price target on shares of Microsoft from $581.00 to $639.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Oppenheimer lifted their target price on shares of Microsoft from $600.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $609.86.

Microsoft Trading Down 0.5%

Shares of MSFT stock opened at $524.94 on Thursday. The company has a market cap of $3.90 trillion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The stock’s 50 day simple moving average is $494.34 and its two-hundred day simple moving average is $437.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 EPS. Research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,743 shares of company stock valued at $24,921,913 in the last quarter. 0.03% of the stock is currently owned by company 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.