Hoertkorn Richard Charles Sells 1,460 Shares of Microsoft Co. (NASDAQ:MSFT)

Hoertkorn Richard Charles lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,307 shares of the software giant's stock after selling 1,460 shares during the period. Microsoft makes up about 7.5% of Hoertkorn Richard Charles' portfolio, making the stock its 3rd biggest holding. Hoertkorn Richard Charles' holdings in Microsoft were worth $18,254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Muirfield Wealth Advisors LLC raised its position in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC boosted its holdings 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 in the last quarter. Boulder Wealth Advisors LLC increased its stake in Microsoft by 1.0% in the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock valued at $1,106,000 after purchasing an additional 25 shares during the last quarter. Sterling Group Wealth Management LLC raised its holdings in Microsoft by 0.5% during the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after purchasing an additional 25 shares in the last quarter. Finally, Kuhn & Co Investment Counsel lifted its position in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MSFT shares. JPMorgan Chase & Co. increased their price objective on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Barclays lifted their price target on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. TD Securities boosted their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Mizuho lifted their price target on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Citigroup increased their target price on Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

Microsoft Stock Performance

NASDAQ MSFT traded up $3.81 on Thursday, hitting $467.68. 20,083,146 shares of the stock were exchanged, compared to its average volume of 21,471,689. The company has a market capitalization of $3.48 trillion, a PE ratio of 37.66, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business's fifty day moving average is $413.59 and its 200 day moving average is $415.95. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $469.58.

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, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 earnings per share. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.71%. Microsoft's dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now directly owns 47,058 shares of the company's stock, valued at $21,647,150.58. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last three months. Insiders own 0.03% of the company's stock.

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.