Cottonwood Capital Advisors LLC Lowers Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Cottonwood Capital Advisors LLC cut its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,955 shares of the software giant's stock after selling 731 shares during the period. Microsoft makes up 1.4% of Cottonwood Capital Advisors LLC's holdings, making the stock its 21st largest position. Cottonwood Capital Advisors LLC's holdings in Microsoft were worth $1,860,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brady Martz Wealth Solutions LLC increased its stake in shares of Microsoft by 1.4% in the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after acquiring an additional 95 shares during the period. Mcdaniel Terry & Co. boosted its holdings in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Strategic Financial Services Inc. grew its position in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares during the period. Elevate Wealth Advisory Inc. raised its stake in shares of Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after buying an additional 1,043 shares during the last quarter. Finally, Intellus Advisors LLC acquired a new position in shares of Microsoft in the 4th quarter valued at about $16,075,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at $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 90 days, insiders sold 54,743 shares of company stock worth $24,921,913. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several analyst reports. Scotiabank raised their target price on Microsoft from $500.00 to $650.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. Evercore ISI raised their price objective on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Oppenheimer boosted their target price on shares of Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, DA Davidson lifted their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $609.86.

Microsoft Price Performance

MSFT stock traded down $4.10 during mid-day trading on Thursday, reaching $520.84. The company's stock had a trading volume of 16,045,615 shares, compared to its average volume of 19,850,260. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $495.59 and its two-hundred day moving average is $437.64. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The stock has a market cap of $3.87 trillion, a PE ratio of 38.18, a P/E/G ratio of 2.30 and a beta of 1.06.

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

Microsoft Dividend Announcement

The company also recently declared 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 0.6%. Microsoft's payout ratio is presently 24.34%.

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.