CMH Wealth Management LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

CMH Wealth Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,608 shares of the software giant’s stock after selling 916 shares during the quarter. Microsoft accounts for 6.3% of CMH Wealth Management LLC’s holdings, making the stock its largest holding. CMH Wealth Management LLC’s holdings in Microsoft were worth $26,175,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MSFT. DGS Capital Management LLC increased its stake in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after buying an additional 196,338 shares during the last quarter. Altus Wealth Group LLC grew its stake in shares of Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after buying an additional 152 shares during the last quarter. Powell Investment Advisors LLC grew its stake in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its stake in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after buying an additional 512 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating and set a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Macquarie lifted their price target on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. KeyCorp began coverage on shares of Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Jefferies Financial Group boosted their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Wells Fargo & Company boosted their target price on shares of Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $430.52.

Microsoft Trading Up 0.2 %

Shares of MSFT opened at $414.58 on Wednesday. The stock has a market capitalization of $3.08 trillion, a P/E ratio of 37.48, a PEG ratio of 2.25 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $415.53 and a two-hundred day simple moving average of $383.95. Microsoft Co. has a twelve month low of $275.37 and a twelve month high of $430.82.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the company posted $2.32 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. Microsoft’s dividend payout ratio is 27.12%.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Company insiders own 0.03% of the company’s stock.

About Microsoft

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.