Anderson Hoagland & Co. Sells 1,672 Shares of Microsoft Corporation (NASDAQ:MSFT)

Anderson Hoagland & Co. lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,645 shares of the software giant's stock after selling 1,672 shares during the period. Microsoft accounts for 4.8% of Anderson Hoagland & Co.'s investment portfolio, making the stock its largest position. Anderson Hoagland & Co.'s holdings in Microsoft were worth $38,876,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its stake in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. Wealth Group Ltd. increased its stake in Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after purchasing an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick purchased a new position in Microsoft in the 4th quarter valued at approximately $1,375,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity

In related news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Wells Fargo & Company boosted their price objective on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research note on Wednesday. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Tigress Financial lifted their target price on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Cantor Fitzgerald boosted their price objective on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $521.14.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $495.94 on Friday. The company has a market cap of $3.69 trillion, a PE ratio of 38.33, a P/E/G ratio of 2.52 and a beta of 1.03. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $499.30. The stock has a 50 day simple moving average of $449.47 and a 200-day simple moving average of $421.93.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping 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 firm posted $2.94 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

About Microsoft

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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