Litman Gregory Wealth Management LLC Sells 402 Shares of Microsoft Corporation $MSFT

Litman Gregory Wealth Management LLC lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,669 shares of the software giant’s stock after selling 402 shares during the quarter. Microsoft makes up approximately 1.6% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Litman Gregory Wealth Management LLC’s holdings in Microsoft were worth $20,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Kingstone Capital Partners Texas LLC raised its position in Microsoft by 564,387.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock valued at $45,040,162,000 after acquiring an additional 90,533,328 shares in the last quarter. Nuveen LLC bought a new position in shares of Microsoft in the first quarter valued at approximately $18,733,827,000. Northern Trust Corp raised its position in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Vanguard Group Inc. raised its position in shares of Microsoft by 1.1% in the first quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock valued at $259,539,471,000 after purchasing an additional 7,314,509 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Microsoft by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 49,338,953 shares of the software giant’s stock valued at $18,521,349,000 after purchasing an additional 6,101,005 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 149,205 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were 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 owned 790,852 shares in the company, valued at $399,206,272.56. This represents a 15.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 2.0%

MSFT opened at $542.07 on Wednesday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The firm’s fifty day moving average price is $512.46 and its two-hundred day moving average price is $484.58. The company has a market capitalization of $4.03 trillion, a P/E ratio of 39.74, a P/E/G ratio of 2.31 and a beta of 1.03.

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 firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. On average, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.91 dividend. 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 boost from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s dividend payout ratio is presently 24.34%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent analyst reports. Mizuho set a $640.00 price target on shares of Microsoft in a research report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and issued a $630.00 price target on shares of Microsoft in a research report on Tuesday. Loop Capital lifted their price target on shares of Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. DA Davidson lifted their price target on shares of Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, KeyCorp raised shares of Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 target price on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target 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.