Microsoft Corporation (NASDAQ:MSFT) Holdings Trimmed by McGinn Penninger Investment Management Inc.

McGinn Penninger Investment Management Inc. trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,479 shares of the software giant’s stock after selling 293 shares during the period. Microsoft accounts for 8.7% of McGinn Penninger Investment Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. McGinn Penninger Investment Management Inc.’s holdings in Microsoft were worth $13,318,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Newton One Investments LLC grew its stake in Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after buying an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the fourth quarter worth about $31,000. LSV Asset Management bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $44,000. IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $520.17 on Friday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The business has a 50-day moving average of $502.60 and a two-hundred day moving average of $441.01. The stock has a market capitalization of $3.87 trillion, a P/E ratio of 38.14, a P/E/G 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 data on Wednesday, July 30th. The software giant reported $3.65 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 for the quarter, compared to analyst estimates of $73.79 billion. During the same period in the previous year, the company posted $2.95 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company’s stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,350 shares of company stock valued at $21,493,447 in the last three months. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. KeyCorp raised shares of Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 price target on the stock in a research note on Thursday, July 31st. DA Davidson raised 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. UBS Group reaffirmed a “buy” rating and issued a $650.00 price objective (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Finally, Benchmark reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.