Hill Island Financial LLC Sells 644 Shares of Microsoft Corporation (NASDAQ:MSFT)

Hill Island Financial LLC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,342 shares of the software giant's stock after selling 644 shares during the quarter. Microsoft makes up about 0.8% of Hill Island Financial LLC's holdings, making the stock its 17th largest position. Hill Island Financial LLC's holdings in Microsoft were worth $2,756,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft during the 4th quarter valued at approximately $31,000. Newton One Investments LLC grew its stake in Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after acquiring an additional 30 shares during the period. LSV Asset Management purchased a new stake in Microsoft in the 4th quarter worth approximately $44,000. Fairway Wealth LLC purchased a new stake in Microsoft in the 4th quarter worth approximately $62,000. Finally, IFS Advisors LLC grew its stake in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

MSFT stock traded down $9.47 during trading on Friday, hitting $524.03. 13,043,612 shares of the stock traded hands, compared to its average volume of 22,325,803. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The stock has a market cap of $3.89 trillion, a price-to-earnings ratio of 38.41, a P/E/G ratio of 2.33 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $488.46 and a 200 day simple moving average of $434.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 33.49%. The company had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter in the previous year, the company earned $2.95 EPS. Microsoft's revenue was up 18.1% on a year-over-year basis. Equities analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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 is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Microsoft's payout ratio is currently 24.34%.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,743 shares of company stock worth $27,520,933 over the last 90 days. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup boosted their price objective on shares of Microsoft from $605.00 to $613.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Raymond James Financial lifted their target price on shares of Microsoft from $490.00 to $570.00 and gave the company an "outperform" rating in a report on Monday. Royal Bank Of Canada lifted their target price on shares of Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America boosted their price objective on shares of Microsoft from $585.00 to $640.00 and gave the stock a "buy" rating in a report on Thursday. Finally, TD Securities boosted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

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.