CGN Advisors LLC Reduces Holdings in Microsoft Corporation (NASDAQ:MSFT)

CGN Advisors LLC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,274 shares of the software giant's stock after selling 1,470 shares during the quarter. Microsoft makes up about 1.1% of CGN Advisors LLC's holdings, making the stock its 19th largest position. CGN Advisors LLC's holdings in Microsoft were worth $10,989,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bridge Creek Capital Management LLC grew its holdings in shares of Microsoft by 1.4% during the first quarter. Bridge Creek Capital Management LLC now owns 27,120 shares of the software giant's stock worth $10,181,000 after purchasing an additional 385 shares during the last quarter. Rialto Wealth Management LLC grew its holdings in shares of Microsoft by 1.5% during the first quarter. Rialto Wealth Management LLC now owns 10,598 shares of the software giant's stock worth $3,978,000 after purchasing an additional 159 shares during the last quarter. Kure Advisory LLC purchased a new position in shares of Microsoft during the first quarter worth about $635,000. Smith Anglin Financial LLC grew its holdings in shares of Microsoft by 4.5% during the first quarter. Smith Anglin Financial LLC now owns 14,116 shares of the software giant's stock worth $5,299,000 after purchasing an additional 611 shares during the last quarter. Finally, Planned Solutions Inc. grew its holdings in shares of Microsoft by 8.1% during the first quarter. Planned Solutions Inc. now owns 4,803 shares of the software giant's stock worth $1,803,000 after purchasing an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $495.94 on Monday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $499.30. The company has a market capitalization of $3.69 trillion, a P/E ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03. The business has a 50 day moving average price of $449.47 and a 200 day moving average price of $421.74. 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 (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, beating the consensus estimate 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 last year, the business posted $2.94 EPS. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on MSFT. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Scotiabank raised their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. DA Davidson raised their price target on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $521.14.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now directly owns 98,010 shares of the company's stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last ninety days. Corporate insiders own 0.03% of the company's stock.

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.

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