Microsoft Co. (NASDAQ:MSFT) Shares Sold by KG&L Capital Management LLC

Posted by Defense World Staff on Jul 16th, 2023

KG&L Capital Management LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,120 shares of the software giant’s stock after selling 102 shares during the period. Microsoft accounts for 3.0% of KG&L Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. KG&L Capital Management LLC’s holdings in Microsoft were worth $5,800,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MSFT. Affiance Financial LLC boosted its position in Microsoft by 0.3% in the 1st quarter. Affiance Financial LLC now owns 10,362 shares of the software giant’s stock valued at $2,988,000 after buying an additional 35 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in Microsoft by 1.3% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock worth $835,000 after acquiring an additional 36 shares during the last quarter. Sentinel Pension Advisors Inc. increased its stake in shares of Microsoft by 1.1% in the fourth quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock valued at $898,000 after purchasing an additional 39 shares during the period. Providence First Trust Co increased its stake in shares of Microsoft by 2.5% in the fourth quarter. Providence First Trust Co now owns 1,645 shares of the software giant’s stock valued at $395,000 after purchasing an additional 40 shares during the period. Finally, Modus Advisors LLC increased its stake in shares of Microsoft by 0.3% during the first quarter. Modus Advisors LLC now owns 14,316 shares of the software giant’s stock valued at $4,127,000 after acquiring an additional 40 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 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 sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, Director Teri List sold 1,250 shares of the stock in a transaction dated Friday, June 2nd. The shares were 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 approximately $292,588.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 30,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at $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 ninety days. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSFT. 888 reiterated a “maintains” rating on shares of Microsoft in a research note on Wednesday, April 26th. Sanford C. Bernstein increased their price objective on Microsoft from $280.00 to $322.00 in a research note on Monday, April 24th. Piper Sandler upped their target price on Microsoft from $348.00 to $400.00 in a research report on Wednesday, May 31st. Credit Suisse Group upped their target price on Microsoft from $350.00 to $420.00 in a research report on Wednesday, May 31st. Finally, BMO Capital Markets increased their price objective on Microsoft from $347.00 to $385.00 in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $340.40.

Microsoft Stock Up 0.8 %

MSFT opened at $345.24 on Friday. The firm has a market cap of $2.57 trillion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.73 and a beta of 0.92. The firm’s 50-day simple moving average is $329.46 and its 200-day simple moving average is $287.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $351.47.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same period in the prior year, the business earned $2.22 EPS. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a dividend yield of 0.79%. Microsoft’s dividend payout ratio is currently 29.47%.

Microsoft Profile

(Free Report)

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.