Microsoft Co. (NASDAQ:MSFT) is Capital Group Private Client Services Inc.'s 4th Largest Position

Capital Group Private Client Services Inc. reduced its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 969,476 shares of the software giant's stock after selling 13,715 shares during the period. Microsoft comprises 3.8% of Capital Group Private Client Services Inc.'s holdings, making the stock its 4th largest position. Capital Group Private Client Services Inc.'s holdings in Microsoft were worth $408,634,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Microsoft in the fourth quarter worth approximately $44,000. Avondale Wealth Management lifted its position in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new position in Microsoft during the fourth quarter worth approximately $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 0.9%

MSFT traded up $4.18 on Monday, hitting $479.14. 15,576,985 shares of the company were exchanged, compared to its average volume of 21,515,567. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $480.64. The company has a market cap of $3.56 trillion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $428.05 and a two-hundred day moving average price of $418.55.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.94 EPS. On average, equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm 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 is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MSFT shares. Jefferies Financial Group lifted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. UBS Group reduced their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

Insider Transactions at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their position. 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 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

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.