CMH Wealth Management LLC Reduces Holdings in Microsoft Corporation (NASDAQ:MSFT)

CMH Wealth Management LLC lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 66,975 shares of the software giant's stock after selling 1,950 shares during the quarter. Microsoft comprises about 6.3% of CMH Wealth Management LLC's portfolio, making the stock its largest position. CMH Wealth Management LLC's holdings in Microsoft were worth $25,142,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fosun International Ltd lifted its holdings in shares of Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after buying an additional 23 shares during the period. Muirfield Wealth Advisors LLC increased its position in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after acquiring an additional 24 shares during the last quarter. Retirement Financial Solutions LLC lifted its holdings in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after acquiring an additional 24 shares during the period. Sterling Group Wealth Management LLC boosted its position 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 worth $2,335,000 after purchasing an additional 25 shares during the last quarter. Finally, Kuhn & Co Investment Counsel boosted its position in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.4%

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

Microsoft (NASDAQ:MSFT - Get Free Report) last issued 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. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.94 EPS. As a group, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.66%. Microsoft's payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Mizuho lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Citigroup upped their price objective on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, DA Davidson lifted their target price on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $534.14.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. The trade was 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 dated 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 sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last three months. Corporate insiders own 0.03% of the company's stock.

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.