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Amplius Wealth Advisors LLC Sells 598 Shares of Microsoft Corporation (NASDAQ:MSFT)

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Amplius Wealth Advisors LLC lowered its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,364 shares of the software giant's stock after selling 598 shares during the quarter. Amplius Wealth Advisors LLC's holdings in Microsoft were worth $4,266,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $31,000. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the fourth quarter valued at about $38,000. LSV Asset Management bought a new stake in Microsoft during the fourth quarter worth about $44,000. Fairway Wealth LLC purchased a new position in shares of Microsoft in the 4th quarter worth about $62,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Microsoft during the 4th quarter valued at about $120,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT stock traded up $7.29 during trading hours on Thursday, hitting $498.38. The stock had a trading volume of 13,914,356 shares, compared to its average volume of 21,645,158. The stock has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.51, a PEG ratio of 2.23 and a beta of 1.04. The stock's 50-day moving average price is $457.07 and its two-hundred day moving average price is $423.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the company earned $2.94 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's payout ratio is currently 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and set a $530.00 price target (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Citigroup boosted their target price on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Wall Street Zen lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $524.71.

View Our Latest Analysis on MSFT

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

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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