Greenup Street Wealth Management LLC Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 24th, 2023

Greenup Street Wealth Management LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,299 shares of the software giant’s stock after selling 251 shares during the quarter. Microsoft accounts for approximately 1.1% of Greenup Street Wealth Management LLC’s holdings, making the stock its 25th biggest position. Greenup Street Wealth Management LLC’s holdings in Microsoft were worth $2,710,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Aaron Wealth Advisors LLC grew its stake in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the period. Vanguard Group Inc. grew its stake in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. Swiss National Bank grew its stake in shares of Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after purchasing an additional 3,757,500 shares during the period. Cottage Street Advisors LLC grew its stake in shares of Microsoft by 17,734.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,763,300 shares of the software giant’s stock valued at $1,351,000 after purchasing an additional 3,742,199 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Microsoft by 73.8% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,172,257 shares of the software giant’s stock valued at $1,903,319,000 after purchasing an additional 3,471,095 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $269.38, for a total transaction of $269,380.00. Following the transaction, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock valued at $1,728,111 in the last quarter. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DA Davidson boosted their price target on Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Guggenheim downgraded Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective for the company. in a research note on Tuesday, January 17th. Cowen cut their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. Oppenheimer boosted their price objective on Microsoft from $280.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, April 6th. Finally, Rosenblatt Securities cut their price objective on Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $298.74.

Microsoft Stock Performance

Shares of Microsoft stock opened at $285.76 on Monday. The stock’s fifty day moving average is $270.90 and its two-hundred day moving average is $251.60. The company has a market capitalization of $2.13 trillion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93. 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 52 week low of $213.43 and a 52 week high of $294.18.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. Microsoft’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.48 EPS. As a group, analysts expect that Microsoft Co. will post 9.3 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.

Microsoft Profile

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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.