Virginia Wealth Management Group Inc. Lowers Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Virginia Wealth Management Group Inc. reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,461 shares of the software giant's stock after selling 1,610 shares during the period. Microsoft accounts for about 2.7% of Virginia Wealth Management Group Inc.'s portfolio, making the stock its 16th largest holding. Virginia Wealth Management Group Inc.'s holdings in Microsoft were worth $4,302,000 at the end of the most recent reporting period.

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

Microsoft Stock Performance

Shares of MSFT stock traded down $0.20 during mid-day trading on Wednesday, hitting $505.62. 15,138,821 shares of the stock were exchanged, compared to its average volume of 21,611,389. The stock's fifty day simple moving average is $473.43 and its two-hundred day simple moving average is $426.73. The stock has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $508.30. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.94 earnings per share. On average, analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale 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 firm's stock in a transaction dated 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 directly owned 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MSFT shares. Tigress Financial increased their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Stifel Nicolaus raised their price target on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Cantor Fitzgerald restated an "overweight" rating and set a $581.00 price target (up from $512.00) on shares of Microsoft in a research report on Wednesday. Finally, Jefferies Financial Group raised their price target on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus target price of $538.04.

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.