Comprehensive Financial Consultants Institutional Inc. Cuts Position in Microsoft Corporation $MSFT

Comprehensive Financial Consultants Institutional Inc. trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,679 shares of the software giant’s stock after selling 204 shares during the period. Microsoft makes up approximately 2.4% of Comprehensive Financial Consultants Institutional Inc.’s investment portfolio, making the stock its 3rd largest holding. Comprehensive Financial Consultants Institutional Inc.’s holdings in Microsoft were worth $7,301,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bulwark Capital Corp acquired a new position in shares of Microsoft during the second quarter valued at $32,000. Westend Capital Management LLC increased its holdings in shares of Microsoft by 386.7% during the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after purchasing an additional 58 shares during the period. Newton One Investments LLC increased its holdings in shares of Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares during the period. LSV Asset Management acquired a new position in shares of Microsoft during the fourth quarter valued at $44,000. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Microsoft during the second quarter valued at $69,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Satya Nadella sold 149,205 shares of Microsoft stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the completion of the sale, the chief executive officer directly owned 790,852 shares in the company, valued at $399,206,272.56. The trade was a 15.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 2.0%

Shares of NASDAQ MSFT opened at $542.07 on Wednesday. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The firm has a market capitalization of $4.03 trillion, a PE ratio of 39.74, a PEG ratio of 2.31 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $512.46 and a two-hundred day moving average price of $484.58.

Microsoft (NASDAQ:MSFT) last announced 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 firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period last year, the company posted $2.95 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.91 per share. The ex-dividend date is Thursday, November 20th. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. This is a positive change from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s dividend payout ratio is presently 24.34%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MSFT shares. TD Cowen lifted their target price on Microsoft from $580.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Rothschild & Co Redburn lifted their target price on Microsoft from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Oppenheimer lifted their target price on Microsoft from $600.00 to $630.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Barclays reaffirmed an “overweight” rating and set a $625.00 target price on shares of Microsoft in a report on Friday, August 29th. Finally, Bank of America lifted their target price on Microsoft from $585.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Buy” and an average target price of $626.58.

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.