CoreCap Advisors LLC Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

CoreCap Advisors LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,238 shares of the software giant's stock after selling 768 shares during the quarter. Microsoft comprises 0.8% of CoreCap Advisors LLC's holdings, making the stock its 21st largest position. CoreCap Advisors LLC's holdings in Microsoft were worth $16,539,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Muirfield Wealth Advisors LLC raised its position in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC raised its position 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 purchasing an additional 24 shares during the period. Sterling Group Wealth Management LLC raised 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 valued at $2,335,000 after purchasing an additional 25 shares during the period. Kuhn & Co Investment Counsel raised 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 valued at $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group raised its position in Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Wedbush reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Evercore ISI set a $515.00 price objective on Microsoft and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $515.68.

Microsoft Trading Up 0.9%

MSFT opened at $479.14 on Tuesday. The business has a fifty day moving average price of $430.54 and a 200 day moving average price of $418.94. The stock has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 38.58, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $480.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business's quarterly 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. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. Microsoft's dividend payout ratio is currently 25.66%.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

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.

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