Southeast Asset Advisors LLC Sells 4,402 Shares of Microsoft Co. (NASDAQ:MSFT)

Southeast Asset Advisors LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,687 shares of the software giant's stock after selling 4,402 shares during the quarter. Microsoft accounts for approximately 1.9% of Southeast Asset Advisors LLC's holdings, making the stock its 9th biggest holding. Southeast Asset Advisors LLC's holdings in Microsoft were worth $15,463,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Muirfield Wealth Advisors LLC grew its stake in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares during the period. Retirement Financial Solutions LLC grew its stake in Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after acquiring an additional 24 shares during the period. Boulder Wealth Advisors LLC grew its stake in Microsoft by 1.0% in the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock worth $1,106,000 after acquiring an additional 25 shares during the period. Sterling Group Wealth Management LLC grew its stake in Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after acquiring an additional 25 shares during the period. Finally, Kuhn & Co Investment Counsel grew its stake in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The shares were 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 in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the transaction, the executive vice president now owns 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 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.8%

Microsoft stock traded down $3.91 during midday trading on Friday, reaching $474.96. The stock had a trading volume of 16,804,288 shares, compared to its average volume of 21,507,320. The firm's fifty day simple moving average is $428.05 and its two-hundred day simple moving average is $418.65. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $480.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market cap of $3.53 trillion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.21 and a beta of 1.03.

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 firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.94 EPS. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Raymond James boosted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Barclays boosted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Cantor Fitzgerald raised their price target on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $515.68.

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.