Microsoft Co. (NASDAQ:MSFT) Shares Sold by Chelsea Counsel Co.

Posted by Defense World Staff on Jun 17th, 2023

Chelsea Counsel Co. lowered its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,460 shares of the software giant’s stock after selling 2,834 shares during the quarter. Microsoft accounts for 3.2% of Chelsea Counsel Co.’s holdings, making the stock its 8th biggest position. Chelsea Counsel Co.’s holdings in Microsoft were worth $6,346,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $26,000. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the 1st quarter worth approximately $28,000. Hanseatic Management Services Inc. raised its stake in shares of Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after purchasing an additional 55 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $40,000. Finally, PayPay Securities Corp bought a new stake in shares of Microsoft during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, Director Teri List sold 1,250 shares of Microsoft stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the transaction, the director now directly owns 874 shares of the company’s stock, valued at $292,588.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Teri List sold 1,250 shares of Microsoft stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the transaction, the director now directly owns 874 shares in the company, valued at $292,588.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,331 shares of company stock worth $15,867,278. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Microsoft stock opened at $342.33 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.55 trillion, a PE ratio of 37.09, a P/E/G ratio of 3.00 and a beta of 0.93. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $351.47. The stock has a 50-day moving average price of $311.86 and a two-hundred day moving average price of $274.16.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $52.86 billion during the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $2.22 earnings per share. Analysts expect that Microsoft Co. will post 9.65 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a yield of 0.79%. Microsoft’s dividend payout ratio is presently 29.47%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Barclays upped their price objective on Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. DA Davidson increased their price target on Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Royal Bank of Canada increased their price target on Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Wolfe Research increased their price target on Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, Mizuho increased their price target on Microsoft from $340.00 to $360.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $333.23.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.