St. Johns Investment Management Company LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,961 shares of the software giant’s stock after selling 61 shares during the quarter. Microsoft makes up 2.6% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 8th biggest holding. St. Johns Investment Management Company LLC’s holdings in Microsoft were worth $4,754,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Sightline Wealth Advisors LLC boosted its position in Microsoft by 0.9% during the second quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock valued at $962,000 after acquiring an additional 29 shares during the last quarter. Eagle Bluffs Wealth Management LLC boosted its position in Microsoft by 0.3% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock valued at $3,602,000 after acquiring an additional 31 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in Microsoft by 0.8% during the first quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock valued at $1,213,000 after acquiring an additional 32 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its position in Microsoft by 0.5% during the first quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock valued at $2,074,000 after acquiring an additional 33 shares during the last quarter. Finally, FinDec Wealth Services Inc. boosted its position in Microsoft by 2.1% during the second quarter. FinDec Wealth Services Inc. now owns 1,651 shares of the software giant’s stock valued at $562,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 69.20% of the company’s stock.
Insider Buying and Selling
In related news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the sale, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 198,373 shares in the company, valued at $64,941,369.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,049 shares of company stock valued at $38,195,619. Company insiders own 0.03% of the company’s stock.
Microsoft Stock Down 1.0 %
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping the consensus estimate of $2.55 by $0.14. The company had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $2.23 EPS. As a group, equities analysts predict that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, November 15th. This is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is 30.96%.
Wall Street Analyst Weigh In
A number of analysts have commented on MSFT shares. Citigroup reaffirmed a “buy” rating and set a $420.00 price target on shares of Microsoft in a research report on Friday, September 22nd. Wedbush reiterated an “outperform” rating and set a $400.00 price objective on shares of Microsoft in a report on Thursday, September 21st. Raymond James upped their price objective on shares of Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $400.00 price objective on shares of Microsoft in a report on Monday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Microsoft from $320.00 to $380.00 and gave the company 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 issued a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.34.
Microsoft 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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