CMG Global Holdings LLC Sells 1,408 Shares of Microsoft Corporation (NASDAQ:MSFT)

CMG Global Holdings LLC trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 19.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,659 shares of the software giant's stock after selling 1,408 shares during the quarter. Microsoft comprises about 1.4% of CMG Global Holdings LLC's portfolio, making the stock its 19th biggest holding. CMG Global Holdings LLC's holdings in Microsoft were worth $2,192,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Newton One Investments LLC lifted its position in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after buying an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $31,000. LSV Asset Management bought a new stake in shares of Microsoft during the 4th quarter worth $44,000. IFS Advisors LLC lifted its position in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,350 shares of company stock worth $21,493,447. Corporate insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.4%

Shares of Microsoft stock traded down $2.31 on Friday, hitting $520.17. 25,185,972 shares of the company's stock traded hands, compared to its average volume of 20,739,252. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The company has a fifty day moving average of $502.60 and a two-hundred day moving average of $441.01. The company has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.95 earnings per share. As a group, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.6%. Microsoft's dividend payout ratio is presently 24.34%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSFT. TD Cowen upped their target price on Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Loop Capital upped their target price on Microsoft from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Morgan Stanley upped their target price on Microsoft from $530.00 to $582.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. DA Davidson upped their target price on Microsoft from $600.00 to $650.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Raymond James Financial upped their target price on Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $609.86.

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.