Microsoft Co. (NASDAQ:MSFT) Position Trimmed by 4J Wealth Management LLC

Posted by on Oct 3rd, 2023

4J Wealth Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,204 shares of the software giant’s stock after selling 169 shares during the quarter. Microsoft makes up 1.7% of 4J Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. 4J Wealth Management LLC’s holdings in Microsoft were worth $1,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Monumental Financial Group Inc. purchased a new position in Microsoft during the 1st quarter valued at about $28,000. Gleason Group Inc. grew its stake in shares of Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after buying an additional 105 shares in the last quarter. Syverson Strege & Co grew its stake in shares of Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after buying an additional 124 shares in the last quarter. MayTech Global Investments LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $83,000. Finally, Beutel Goodman & Co Ltd. grew its stake in shares of Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $321.80 on Tuesday. The business’s fifty day moving average price is $326.57 and its two-hundred day moving average price is $318.77. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78. The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 2.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.

Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The firm had revenue of $56.19 billion for the quarter, compared to analysts’ expectations of $55.49 billion. During the same period in the prior year, the business posted $2.23 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, analysts predict that Microsoft Co. will post 10.9 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.93%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio is 28.07%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $400.00 price target on shares of Microsoft in a research note on Thursday, September 21st. Oppenheimer reissued an “outperform” rating and issued a $410.00 price target on shares of Microsoft in a research note on Friday, July 28th. Rosenblatt Securities boosted their price target on Microsoft from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Jefferies Financial Group reissued a “buy” rating and issued a $400.00 price target on shares of Microsoft in a research note on Monday. Finally, Stifel Nicolaus boosted their target price on Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $376.34.

Read Our Latest Analysis on Microsoft

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the sale, the executive vice president now owns 198,373 shares in the company, valued at $64,941,369.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock worth $38,195,619 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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