Sulzberger Capital Advisors Inc. trimmed its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 13.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,341 shares of the software giant's stock after selling 1,788 shares during the period. Microsoft makes up about 5.6% of Sulzberger Capital Advisors Inc.'s portfolio, making the stock its 3rd largest holding. Sulzberger Capital Advisors Inc.'s holdings in Microsoft were worth $4,258,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Princeton Global Asset Management LLC increased its holdings in shares of Microsoft by 7.6% in the first quarter. Princeton Global Asset Management LLC now owns 71,140 shares of the software giant's stock valued at $26,705,000 after buying an additional 5,054 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Microsoft by 0.5% in the first quarter. Gateway Investment Advisers LLC now owns 1,427,989 shares of the software giant's stock valued at $536,053,000 after buying an additional 7,494 shares in the last quarter. GGM Financials LLC increased its holdings in shares of Microsoft by 27.7% in the first quarter. GGM Financials LLC now owns 2,959 shares of the software giant's stock valued at $1,111,000 after buying an additional 642 shares in the last quarter. OLIO Financial Planning increased its holdings in shares of Microsoft by 6.9% in the first quarter. OLIO Financial Planning now owns 1,294 shares of the software giant's stock valued at $486,000 after buying an additional 83 shares in the last quarter. Finally, Seneca House Advisors increased its holdings in shares of Microsoft by 2.9% in the first quarter. Seneca House Advisors now owns 30,784 shares of the software giant's stock valued at $11,556,000 after buying an additional 866 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Microsoft
In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the firm's 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 sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares in the company, 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. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last 90 days. Insiders own 0.03% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Barclays upped their price target on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Citigroup boosted their target price on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.
Read Our Latest Stock Report on MSFT
Microsoft Stock Performance
Shares of NASDAQ MSFT opened at $498.25 on Monday. The firm's 50-day moving average price is $461.41 and its 200-day moving average price is $423.48. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $500.76. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.70 trillion, a PE ratio of 38.50, a PEG ratio of 2.26 and a beta of 1.04.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.
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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