CMH Wealth Management LLC Cuts Stake in Microsoft Corporation (NASDAQ:MSFT)

CMH Wealth Management LLC cut its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,975 shares of the software giant's stock after selling 1,950 shares during the period. Microsoft accounts for approximately 6.3% of CMH Wealth Management LLC's investment portfolio, making the stock its largest holding. CMH Wealth Management LLC's holdings in Microsoft were worth $25,142,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in Microsoft during the fourth quarter worth about $44,343,058,000. GAMMA Investing LLC raised its holdings in Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC lifted its stake in Microsoft by 34,643.3% during the fourth 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 in the last quarter. Northern Trust Corp boosted its holdings in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after buying an additional 10,431,988 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Tigress Financial lifted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. UBS Group reissued a "positive" rating on shares of Microsoft in a research report on Monday, June 30th. Evercore ISI set a $515.00 target price on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $530.00 target price (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $534.14.

Microsoft Trading Up 0.6%

Shares of NASDAQ MSFT traded up $3.24 during mid-day trading on Friday, hitting $504.72. The company's stock had a trading volume of 7,516,049 shares, compared to its average volume of 21,623,648. The stock has a market cap of $3.75 trillion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 2.28 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. Microsoft Corporation has a one year low of $344.79 and a one year high of $506.78. The company's fifty day simple moving average is $469.28 and its 200-day simple moving average is $425.41.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (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 analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.94 EPS. On average, sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) 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.