Defined Financial Planning LLC Sells 1,193 Shares of Microsoft Corporation (NASDAQ:MSFT)

Defined Financial Planning LLC trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 16.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,937 shares of the software giant's stock after selling 1,193 shares during the quarter. Microsoft accounts for 2.3% of Defined Financial Planning LLC's holdings, making the stock its 14th biggest position. Defined Financial Planning LLC's holdings in Microsoft were worth $2,269,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. boosted its holdings in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. boosted its holdings in shares of Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its holdings in shares of Microsoft by 147.9% in 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. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on 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 owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $1,389,000.00. Following the completion of the transaction, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last ninety days. Insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.1%

Shares of NASDAQ MSFT opened at $503.02 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $506.78. The stock has a market capitalization of $3.74 trillion, a P/E ratio of 38.87, a PEG ratio of 2.28 and a beta of 1.04. The stock's fifty day moving average is $471.98 and its 200 day moving average is $426.18.

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, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the business earned $2.94 earnings per share. Microsoft's revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Mizuho increased their price objective on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $534.14.

Microsoft Company 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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