CMH Wealth Management LLC Sells 1,950 Shares of Microsoft Corporation (NASDAQ:MSFT)

CMH Wealth Management LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,975 shares of the software giant's stock after selling 1,950 shares during the period. Microsoft makes up about 6.3% of CMH Wealth Management LLC's investment 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 quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Microsoft in the 4th quarter valued at $44,343,058,000. GAMMA Investing LLC lifted its holdings in shares of Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after buying an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider directly owned 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value 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 disclosure for this sale can be found here. Insiders sold 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.

Analyst Ratings Changes

A number of research analysts recently weighed in on MSFT shares. Mizuho raised their price objective on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. DA Davidson boosted their price target on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group boosted their price objective on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $527.36.

Microsoft Trading Up 1.4%

NASDAQ MSFT opened at $503.51 on Thursday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78. The stock has a 50-day simple moving average of $467.76 and a 200 day simple moving average of $424.96. The company has a market capitalization of $3.74 trillion, a PE ratio of 38.91, a P/E/G ratio of 2.25 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.94 earnings per share. Research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 issued a dividend of $0.83 per share. The ex-dividend date of this dividend 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%.

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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