Woodstock Corp Sells 1,571 Shares of Microsoft Corporation (NASDAQ:MSFT)

Woodstock Corp trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,601 shares of the software giant's stock after selling 1,571 shares during the period. Microsoft accounts for about 6.0% of Woodstock Corp's investment portfolio, making the stock its 2nd biggest holding. Woodstock Corp's holdings in Microsoft were worth $60,663,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MSFT. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft during the 4th quarter worth approximately $38,000. LSV Asset Management acquired a new position in Microsoft during the fourth quarter valued at approximately $44,000. Fairway Wealth LLC bought a new stake in Microsoft in the fourth quarter valued at approximately $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Microsoft in the fourth quarter worth $120,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSFT. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company lifted their target price on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Jefferies Financial Group boosted their target price on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. DA Davidson increased their price target on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $521.14.

Microsoft Stock Down 1.1%

Microsoft stock traded down $5.36 during mid-day trading on Tuesday, reaching $492.05. The company's stock had a trading volume of 19,923,517 shares, compared to its average volume of 21,666,392. 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 12 month low of $344.79 and a 12 month high of $500.76. The business's 50 day simple moving average is $454.74 and its 200 day simple moving average is $422.57. The company has a market capitalization of $3.66 trillion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.52 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.94 EPS. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. Microsoft's dividend payout ratio is 25.66%.

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.