Microsoft Co. (NASDAQ:MSFT) Shares Sold by Marcum Wealth LLC

Posted by Defense World Staff on Mar 25th, 2023

Marcum Wealth LLC lessened its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,571 shares of the software giant’s stock after selling 3,057 shares during the period. Microsoft comprises 1.3% of Marcum Wealth LLC’s portfolio, making the stock its 14th largest holding. Marcum Wealth LLC’s holdings in Microsoft were worth $9,490,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Monumental Financial Group Inc. purchased a new stake in Microsoft in the first quarter valued at approximately $28,000. Hanseatic Management Services Inc. grew its holdings in Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares during the period. Macroview Investment Management LLC purchased a new stake in Microsoft in the fourth quarter valued at approximately $61,000. Grayhawk Investment Strategies Inc. purchased a new stake in Microsoft in the second quarter valued at approximately $104,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in Microsoft in the third quarter valued at approximately $82,000. Institutional investors and hedge funds own 69.15% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. Credit Suisse Group set a $285.00 target price on shares of Microsoft in a report on Thursday, March 2nd. The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a research note on Wednesday, January 25th. JPMorgan Chase & Co. set a $305.00 price objective on shares of Microsoft and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Wedbush boosted their price objective on shares of Microsoft from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Finally, Barclays decreased their price objective on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $287.92.

Microsoft Stock Up 1.0 %

MSFT stock opened at $280.57 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The firm’s 50-day simple moving average is $256.45 and its 200 day simple moving average is $246.10. The stock has a market cap of $2.09 trillion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The business had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. During the same quarter last year, the company earned $2.48 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.97%. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the transaction, the chief marketing officer now owns 116,362 shares in the company, valued at approximately $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 in the last quarter. Company insiders own 0.03% of the company’s stock.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.