Wendell David Associates Inc. Has $50.69 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Wendell David Associates Inc. trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,036 shares of the software giant's stock after selling 3,800 shares during the quarter. Microsoft comprises about 5.1% of Wendell David Associates Inc.'s holdings, making the stock its 4th largest position. Wendell David Associates Inc.'s holdings in Microsoft were worth $50,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at about $31,000. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter valued at about $44,000. IFS Advisors LLC lifted its stake in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares during the last quarter. Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $120,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of Microsoft stock traded up $2.83 during trading on Friday, reaching $513.71. 19,103,456 shares of the stock traded hands, compared to its average volume of 16,594,816. The company has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.33 and a beta of 1.04. The business has a fifty day simple moving average of $483.52 and a two-hundred day simple moving average of $431.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $518.29.

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, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 earnings per share. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Wall Street Zen lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. Scotiabank upped their price target on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $551.21.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of the business'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 value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. Company 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.