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Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Spinnaker Investment Group LLC

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Key Points

  • Spinnaker Investment Group LLC reduced its holdings in Microsoft by 0.8%, now owning approximately 71,597 shares, which is valued at $26.87 million.
  • Multiple analysts have recently upgraded their price targets for Microsoft, with Bank of America and TD Cowen setting their targets at $640.00 and maintaining a "buy" rating.
  • Microsoft announced a quarterly dividend of $0.83 per share, reflecting a yield of 0.6%, to be paid on September 11th.
  • Interested in Microsoft? Here are five stocks we like better.

Spinnaker Investment Group LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,597 shares of the software giant's stock after selling 588 shares during the quarter. Microsoft accounts for approximately 6.1% of Spinnaker Investment Group LLC's investment portfolio, making the stock its 6th biggest holding. Spinnaker Investment Group LLC's holdings in Microsoft were worth $26,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newton One Investments LLC grew its stake in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft during the fourth quarter worth about $31,000. LSV Asset Management acquired a new stake in Microsoft during the fourth quarter worth about $44,000. IFS Advisors LLC grew its stake in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new stake in Microsoft during the fourth quarter worth about $62,000. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on 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 sale, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,743 shares of company stock worth $27,520,933. Corporate insiders own 0.03% of the company's stock.

Microsoft Trading Down 1.8%

Shares of MSFT stock traded down $9.39 during trading hours on Friday, hitting $524.11. 28,948,527 shares of the company were exchanged, compared to its average volume of 17,331,950. The firm has a market cap of $3.90 trillion, a P/E ratio of 38.42, a P/E/G ratio of 2.39 and a beta of 1.06. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.35. The company has a 50 day simple moving average of $489.94 and a two-hundred day simple moving average of $434.88.

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 the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.95 EPS. Equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business 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 0.6%. Microsoft's dividend payout ratio (DPR) is 24.34%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSFT. Wedbush increased their price objective on shares of Microsoft from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Thursday. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Scotiabank raised their price target on shares of Microsoft from $500.00 to $650.00 and gave the company a "sector outperform" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. Based on data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and an average price target of $609.86.

Read Our Latest Analysis on MSFT

About Microsoft

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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