CIBC Private Wealth Group LLC Sells 30,280 Shares of Microsoft Co. (NASDAQ:MSFT)

CIBC Private Wealth Group LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,834,135 shares of the software giant's stock after selling 30,280 shares during the period. Microsoft accounts for 5.3% of CIBC Private Wealth Group LLC's portfolio, making the stock its biggest holding. CIBC Private Wealth Group LLC owned about 0.09% of Microsoft worth $2,901,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC raised its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $120,000. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on MSFT. Mizuho upped their price target on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $513.13.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft 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 in the company, valued at $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. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.8%

MSFT stock opened at $467.68 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 37.66, a PEG 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 $469.65. The stock has a fifty day moving average of $415.43 and a 200-day moving average of $416.31.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.71%. Microsoft's payout ratio is currently 25.66%.

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.

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