Whipplewood Advisors LLC Sells 591 Shares of Microsoft Corporation (NASDAQ:MSFT)

Whipplewood Advisors LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 6.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,217 shares of the software giant's stock after selling 591 shares during the period. Microsoft makes up approximately 1.0% of Whipplewood Advisors LLC's holdings, making the stock its 22nd biggest position. Whipplewood Advisors LLC's holdings in Microsoft were worth $3,144,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the 4th quarter worth about $31,000. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at about $38,000. LSV Asset Management purchased a new stake in shares of Microsoft during the 4th quarter valued at about $44,000. Fairway Wealth LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $120,000. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 0.3%

NASDAQ MSFT opened at $495.94 on Monday. 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 company has a market capitalization of $3.69 trillion, a P/E ratio of 38.33, a P/E/G ratio of 2.52 and a beta of 1.03. Microsoft Corporation has a one year low of $344.79 and a one year high of $499.30. The stock has a 50 day moving average price of $449.47 and a 200-day moving average price of $421.74.

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

Microsoft Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.67%. Microsoft's dividend payout ratio is presently 25.66%.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% 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 over the last three months. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MSFT shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Bank of America reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Mizuho upped their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $521.14.

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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