Bell & Brown Wealth Advisors LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 7.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,230 shares of the software giant’s stock after selling 1,323 shares during the period. Microsoft comprises 2.5% of Bell & Brown Wealth Advisors LLC’s portfolio, making the stock its 10th biggest position. Bell & Brown Wealth Advisors LLC’s holdings in Microsoft were worth $4,679,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of MSFT. Iron Horse Wealth Management LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $26,000. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter valued at approximately $28,000. Retirement Financial Solutions LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $40,000. PayPay Securities Corp acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $54,000. Finally, Gleason Group Inc. grew its holdings in Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Transactions at Microsoft
In other news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at approximately $35,952,107.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were 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 owns 117,456 shares in the company, valued at approximately $35,952,107.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Teri List sold 1,250 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the completion of the transaction, the director now owns 874 shares in the company, valued at approximately $292,588.98. The disclosure for this sale can be found here. Insiders have sold 51,331 shares of company stock worth $15,867,278 in the last ninety days. Insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Microsoft Stock Down 0.7 %
Shares of MSFT stock opened at $337.99 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $351.47. The firm’s fifty day moving average price is $324.12 and its two-hundred day moving average price is $281.84. The firm has a market capitalization of $2.51 trillion, a P/E ratio of 36.62, a PEG ratio of 3.03 and a beta of 0.92.
Microsoft (NASDAQ:MSFT – Free Report) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The company had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.22 EPS. On average, equities analysts predict that Microsoft Co. will post 9.64 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 annualized dividend and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 29.47%.
Microsoft Profile
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.
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