PBMares Wealth Management LLC Sells 579 Shares of Microsoft Corporation (NASDAQ:MSFT)

PBMares Wealth Management LLC trimmed its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,796 shares of the software giant's stock after selling 579 shares during the quarter. Microsoft comprises about 1.0% of PBMares Wealth Management LLC's investment portfolio, making the stock its 21st biggest position. PBMares Wealth Management LLC's holdings in Microsoft were worth $4,803,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brady Martz Wealth Solutions LLC increased its stake in 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 acquiring an additional 95 shares during the last quarter. Mcdaniel Terry & Co. increased its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. Strategic Financial Services Inc. increased its stake in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Elevate Wealth Advisory Inc. increased its stake in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Intellus Advisors LLC bought a new stake in Microsoft during the fourth quarter worth approximately $16,075,000. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction 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 directly owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,743 shares of company stock worth $24,921,913. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Down 1.8%

Shares of MSFT opened at $524.11 on Monday. The firm has a market cap of $3.90 trillion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The company's fifty day moving average is $489.94 and its two-hundred day moving average is $435.01. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same quarter last year, the business earned $2.95 EPS. Microsoft's revenue for the quarter was up 18.1% on a year-over-year basis. Analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 24.34%.

Wall Street Analyst Weigh In

MSFT has been the topic of several analyst reports. Royal Bank Of Canada boosted their price objective on Microsoft from $525.00 to $640.00 and gave the stock an "outperform" rating in a research note on Thursday. Morgan Stanley upped their target price on Microsoft from $530.00 to $582.00 and gave the company an "overweight" rating in a research note on Thursday. The Goldman Sachs Group upped their target price on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, BMO Capital Markets upped their target price on Microsoft from $550.00 to $650.00 and gave the company an "outperform" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $609.86.

About Microsoft

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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