Microsoft Co. (NASDAQ:MSFT) Shares Sold by Clay Northam Wealth Management LLC

Clay Northam Wealth Management LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,104 shares of the software giant’s stock after selling 60 shares during the period. Microsoft accounts for 4.7% of Clay Northam Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Clay Northam Wealth Management LLC’s holdings in Microsoft were worth $5,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Hibernia Wealth Partners LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth about $69,000. Iron Horse Wealth Management LLC increased its stake in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft during the third quarter worth $87,000. Family CFO Inc boosted its holdings in Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the period. Finally, Cordant Inc. raised its position in shares of Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of the firm’s 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 in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.6 %

NASDAQ MSFT opened at $407.57 on Wednesday. The stock has a market capitalization of $3.03 trillion, a P/E ratio of 36.85, a P/E/G ratio of 2.16 and a beta of 0.89. The business has a 50 day simple moving average of $414.60 and a 200 day simple moving average of $386.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.32 EPS. Research analysts expect that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Analyst Ratings Changes

Several research firms recently weighed in on MSFT. Barclays upped their price objective on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. KeyCorp assumed coverage on Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price for the company. Citigroup lowered their price target on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, April 18th. UBS Group restated a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Finally, Raymond James lifted their target price on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $434.05.

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.