Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Corundum Trust Company INC

Corundum Trust Company INC lowered its holdings in Microsoft Corporation (NASDAQ:MSFT) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,226 shares of the software giant’s stock after selling 466 shares during the quarter. Microsoft comprises 5.7% of Corundum Trust Company INC’s investment portfolio, making the stock its 4th biggest holding. Corundum Trust Company INC’s holdings in Microsoft were worth $1,962,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ball & Co Wealth Management Inc. acquired a new position in Microsoft in the 4th quarter valued at $31,000. Newton One Investments LLC lifted its holdings in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after buying an additional 30 shares during the period. LSV Asset Management purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $44,000. Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter worth $62,000. Finally, IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction that occurred on 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 owned 134,888 shares of the company’s stock, valued at approximately $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 have sold 54,743 shares of company stock valued at $24,921,913. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Piper Sandler boosted their target price on Microsoft from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Bank of America raised their price target on Microsoft from $585.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. DA Davidson increased their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $609.86.

Microsoft Trading Up 0.2%

Shares of MSFT stock opened at $522.04 on Friday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45. The firm’s 50-day simple moving average is $496.85 and its 200-day simple moving average is $438.29. The firm has a market cap of $3.88 trillion, a P/E ratio of 38.27, a PEG ratio of 2.28 and a beta of 1.06. 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 posted its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same quarter last year, the firm posted $2.95 earnings per share. Microsoft’s revenue was up 18.1% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.6%. Microsoft’s dividend payout ratio is currently 24.34%.

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.