D.B. Root & Company LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,991 shares of the software giant’s stock after selling 934 shares during the period. Microsoft makes up approximately 1.5% of D.B. Root & Company LLC’s portfolio, making the stock its 13th largest position. D.B. Root & Company LLC’s holdings in Microsoft were worth $3,745,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in 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. purchased a new position in shares of Microsoft during the first quarter valued at approximately $28,000. Retirement Financial Solutions LLC purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $40,000. PayPay Securities Corp purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $54,000. Finally, Gleason Group Inc. lifted its stake in shares of Microsoft by 111.7% during the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after buying an additional 105 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Microsoft
In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the completion of the sale, the chief marketing officer now owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the completion of the sale, the chief marketing officer now owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. Insiders sold 51,331 shares of company stock valued at $15,867,278 in the last quarter. 0.03% of the stock is currently owned by insiders.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same period last year, the business earned $2.22 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, research analysts expect that Microsoft Co. will post 9.64 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio is 29.47%.
Wall Street Analyst Weigh In
MSFT has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Microsoft from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and raised their target price for the company from $260.00 to $325.00 in a research note on Wednesday, April 26th. Morgan Stanley raised their price target on shares of Microsoft from $335.00 to $415.00 in a report on Thursday, July 6th. Fundamental Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $315.00 to $350.00 in a report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $335.40.
Microsoft Company 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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