Principal Street Partners LLC Has $11.26 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Principal Street Partners LLC trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,710 shares of the software giant's stock after selling 25,578 shares during the quarter. Microsoft accounts for approximately 2.2% of Principal Street Partners LLC's investment portfolio, making the stock its 6th largest holding. Principal Street Partners LLC's holdings in Microsoft were worth $11,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the period. LSV Asset Management purchased a new position in Microsoft in the fourth quarter valued at about $44,000. Avondale Wealth Management grew its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter valued at about $62,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MSFT shares. Mizuho lifted their target price on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Bank of America decreased their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Cantor Fitzgerald lifted their target price on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Stock Down 0.2%

Shares of MSFT opened at $478.04 on Wednesday. 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 one year low of $344.79 and a one year high of $480.69. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.44 and a beta of 1.03. The stock has a 50 day moving average price of $432.29 and a 200 day moving average price of $419.32.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the 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 completion of the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 in the last three months. 0.03% of the stock is owned by corporate 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.

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