Microsoft Corporation $MSFT Holdings Reduced by Delta Asset Management LLC TN

Delta Asset Management LLC TN lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 427,102 shares of the software giant’s stock after selling 6,685 shares during the period. Microsoft accounts for 18.5% of Delta Asset Management LLC TN’s investment portfolio, making the stock its largest position. Delta Asset Management LLC TN’s holdings in Microsoft were worth $212,445,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Real Talk Capital LLC lifted its position in Microsoft by 1.6% in the first quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock valued at $860,000 after acquiring an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Microsoft by 3.8% in the 2nd quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock valued at $457,119,000 after purchasing an additional 33,382 shares during the period. Modern Wealth Management LLC boosted its position in shares of Microsoft by 39.3% in the 1st quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock valued at $54,376,000 after purchasing an additional 40,860 shares during the period. Well Done LLC grew its stake in Microsoft by 8.9% during the 2nd quarter. Well Done LLC now owns 9,911 shares of the software giant’s stock worth $4,930,000 after buying an additional 814 shares during the last quarter. Finally, Lantz Financial LLC increased its position in Microsoft by 2.5% during the second quarter. Lantz Financial LLC now owns 24,210 shares of the software giant’s stock worth $12,042,000 after buying an additional 580 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $478.72, for a total value of $1,364,352.00. Following the completion of the sale, the executive vice president owned 55,782 shares of the company’s stock, valued at approximately $26,703,959.04. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Judson Althoff sold 12,750 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the transaction, the chief executive officer directly owned 129,349 shares in the company, valued at approximately $63,577,620.48. This trade represents a 8.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 54,100 shares of company stock worth $27,598,872. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 0.5%

NASDAQ MSFT opened at $483.16 on Friday. The stock has a market capitalization of $3.59 trillion, a P/E ratio of 34.36, a P/E/G ratio of 1.81 and a beta of 1.07. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The firm has a 50-day moving average price of $507.29 and a 200 day moving average price of $501.25. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The company had revenue of $77.67 billion for the quarter, compared to analyst estimates of $75.49 billion. During the same quarter in the previous year, the company earned $3.30 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s dividend payout ratio is currently 25.89%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MSFT shares. Guggenheim set a $675.00 price objective on Microsoft in a report on Wednesday, November 19th. Arete Research increased their price target on shares of Microsoft from $710.00 to $730.00 in a research note on Monday, October 27th. Sanford C. Bernstein raised their price objective on shares of Microsoft from $637.00 to $645.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Mizuho lowered Microsoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $632.34.

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.