Connective Portfolio Management LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 42.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,334 shares of the software giant’s stock after selling 3,945 shares during the period. Microsoft accounts for 4.5% of Connective Portfolio Management LLC’s portfolio, making the stock its 3rd largest holding. Connective Portfolio Management LLC’s holdings in Microsoft were worth $1,816,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of MSFT. DGS Capital Management LLC increased its position in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after buying an additional 196,338 shares in the last quarter. Altus Wealth Group LLC increased its holdings in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after buying an additional 152 shares during the last quarter. Powell Investment Advisors LLC increased its holdings in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in shares of Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Guggenheim upgraded Microsoft from a “sell” rating to a “neutral” rating in a research report on Monday, September 25th. Sanford C. Bernstein lifted their target price on Microsoft from $398.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. Citigroup restated a “buy” rating and set a $420.00 price target on shares of Microsoft in a report on Friday, September 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $390.00 price target on shares of Microsoft in a research report on Friday, September 22nd. Finally, Mizuho boosted their price objective on shares of Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Five equities research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.34.
Insider Transactions at Microsoft
In related news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $327.37, for a total value of $8,778,426.55. Following the completion of the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock valued at $38,195,619 in the last 90 days. Insiders own 0.03% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT stock opened at $327.26 on Friday. The company’s 50 day moving average is $324.99 and its 200 day moving average is $319.39. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.35 and a beta of 0.91. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The business had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $2.23 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 10.9 EPS for the current fiscal year.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.75 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.
Microsoft Company Profile
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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