Microsoft Co. (NASDAQ:MSFT) Shares Sold by Cardiff Park Advisors LLC

Cardiff Park Advisors LLC cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,456 shares of the software giant's stock after selling 1,803 shares during the period. Microsoft comprises about 1.1% of Cardiff Park Advisors LLC's holdings, making the stock its 14th largest holding. Cardiff Park Advisors LLC's holdings in Microsoft were worth $11,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Muirfield Wealth Advisors LLC boosted its stake in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC raised its holdings in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC grew its holdings in Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after purchasing an additional 25 shares during the last quarter. Kuhn & Co Investment Counsel increased its position in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group raised its stake in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on MSFT shares. Tigress Financial raised their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a report on Wednesday, June 4th. Finally, Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Saturday. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred 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 owns 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now directly owns 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Stock Up 0.9%

Shares of Microsoft stock traded up $4.18 during trading on Monday, reaching $479.14. The company had a trading volume of 15,536,581 shares, compared to its average volume of 21,515,256. 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. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $480.64. The firm's fifty day moving average is $428.05 and its 200-day moving average is $418.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio 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.