Microsoft Co. (NASDAQ:MSFT) Shares Sold by Goodwin Daniel L

Posted by Defense World Staff on Oct 25th, 2023

Goodwin Daniel L decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,736 shares of the software giant’s stock after selling 69 shares during the period. Microsoft makes up approximately 1.4% of Goodwin Daniel L’s holdings, making the stock its 9th largest position. Goodwin Daniel L’s holdings in Microsoft were worth $2,975,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Good Life Advisors LLC lifted its stake in shares of Microsoft by 0.6% in the second quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock valued at $18,396,000 after purchasing an additional 311 shares during the period. Carr Financial Group Corp increased its stake in Microsoft by 4.0% in the 2nd quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock valued at $3,665,000 after purchasing an additional 417 shares in the last quarter. Planning Center Inc. increased its stake in Microsoft by 24.4% in the 2nd quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock valued at $1,651,000 after purchasing an additional 950 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Microsoft by 6.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock valued at $437,855,000 after purchasing an additional 94,563 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Microsoft by 1.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 868,980 shares of the software giant’s stock valued at $295,161,000 after purchasing an additional 8,762 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSFT shares. Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of Microsoft in a report on Monday, October 2nd. Bank of America upped their target price on Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Wedbush reissued an “outperform” rating and set a $400.00 price target on shares of Microsoft in a research report on Thursday, September 21st. Citigroup raised their price target on Microsoft from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $400.00 price target on shares of Microsoft in a research report on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.11.

Get Our Latest Stock Report on MSFT

Insider Transactions 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 company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the transaction, the executive vice president now directly 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 company’s stock in a transaction that occurred 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 transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,049 shares of company stock worth $38,195,619. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $330.53 on Wednesday. The firm’s 50 day simple moving average is $325.78 and its 200-day simple moving average is $323.97. The company has a market cap of $2.46 trillion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.41 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 Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.34. The business had revenue of $56.52 billion during the quarter, compared to analyst estimates of $54.52 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 EPS. As a group, equities research analysts predict that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.91%. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.

Microsoft 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.