ORG Partners LLC Sells 4,045 Shares of Microsoft Corporation (NASDAQ:MSFT)

Key Points

• ORG Partners LLC sold 4,045 shares of Microsoft, reducing its stake by 21.2%, while still holding approximately 1.4% of its total holdings valued at $5,739,000.
• Insider trading saw EVP Kathleen T. Hogan and Judson Althoff each selling significant portions of their stock, with total sales worth over $17 million, indicating a decrease in their ownership positions.
• Wall Street analysts remain optimistic about Microsoft, with a consensus price target of $551.21 and 29 out of 33 analysts rating the stock as a "buy."

ORG Partners LLC reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 21.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,019 shares of the software giant's stock after selling 4,045 shares during the period. Microsoft makes up approximately 1.4% of ORG Partners LLC's portfolio, making the stock its 12th biggest holding. ORG Partners LLC's holdings in Microsoft were worth $5,739,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC increased its holdings in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares in the last quarter. Brady Martz Wealth Solutions LLC increased its stake in shares of Microsoft by 1.4% during the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after purchasing an additional 95 shares in the last quarter. Mcdaniel Terry & Co. raised its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC lifted its stake in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares in the last quarter. Finally, Strategic Financial Services Inc. lifted its stake in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded up $0.67 on Wednesday, reaching $513.24. 25,399,623 shares of the company traded hands, compared to its average volume of 14,947,285. The company's 50 day moving average is $486.89 and its 200-day moving average is $433.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock has a market capitalization of $3.81 trillion, a PE ratio of 39.66, a P/E/G ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $518.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. During the same period last year, the company posted $2.95 EPS. The business's revenue was up 18.1% on a year-over-year basis. As a group, analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal 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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of research reports. Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Bank of America boosted their price objective on Microsoft from $515.00 to $585.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wall Street Zen cut Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Piper Sandler lifted their price target on Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, DA Davidson upped their price objective on shares of Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. 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 company has an average rating of "Moderate Buy" and an average price target of $555.86.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider owned 476,999 shares of the company's stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by company insiders.

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.