Tealwood Asset Management Inc. Sells 2,900 Shares of Microsoft Corporation (NASDAQ:MSFT)

Tealwood Asset Management Inc. reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,849 shares of the software giant's stock after selling 2,900 shares during the period. Tealwood Asset Management Inc.'s holdings in Microsoft were worth $2,196,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter valued at approximately $38,000. LSV Asset Management purchased a new position in Microsoft in the fourth quarter valued at approximately $44,000. IFS Advisors LLC raised its holdings in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares during the period. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter valued at approximately $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on MSFT shares. The Goldman Sachs Group raised their price target on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Raymond James Financial lifted 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. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $524.71.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on 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 directly owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 directly owned 476,999 shares of the company's stock, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of MSFT traded down $1.43 during mid-day trading on Monday, hitting $497.41. The company's stock had a trading volume of 2,699,094 shares, compared to its average volume of 21,640,707. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm has a market capitalization of $3.70 trillion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The stock's 50-day moving average is $461.41 and its two-hundred day moving average is $423.48.

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

Microsoft Dividend Announcement

The company also recently announced 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 is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

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.