Central Valley Advisors LLC Sells 2,560 Shares of Microsoft Corporation (NASDAQ:MSFT)

Central Valley Advisors LLC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,640 shares of the software giant's stock after selling 2,560 shares during the period. Microsoft accounts for 2.5% of Central Valley Advisors LLC's holdings, making the stock its 12th biggest position. Central Valley Advisors LLC's holdings in Microsoft were worth $6,622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. WFA Asset Management Corp grew its position in shares of 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 purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC increased its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Wealth Group Ltd. increased its position in shares of Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new stake in shares of Microsoft during the fourth quarter valued at about $1,375,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.4%

Shares of NASDAQ:MSFT traded up $1.84 during trading on Friday, hitting $503.32. 16,454,184 shares of the company's stock were exchanged, compared to its average volume of 21,652,165. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $506.78. The firm has a 50-day moving average price of $470.64 and a two-hundred day moving average price of $425.85. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.74 trillion, a P/E ratio of 38.90, a PEG ratio of 2.27 and a beta of 1.04.

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 for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given 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 0.66%. Microsoft's payout ratio is presently 25.66%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSFT. TD Securities lifted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group lifted their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Mizuho boosted their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Citigroup boosted their price target on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $534.14.

Microsoft Company 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.