Microsoft Co. (NASDAQ:MSFT) Shares Sold by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,667 shares of the software giant's stock after selling 616 shares during the period. Microsoft makes up about 5.4% of Heritage Wealth Management Inc.'s holdings, making the stock its 3rd biggest position. Heritage Wealth Management Inc.'s holdings in Microsoft were worth $16,298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Adamsbrown Wealth Consultants LLC boosted its position in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. boosted its holdings in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the period. Centric Wealth Management raised its position in shares of Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after buying an additional 112 shares during the last quarter. 1900 Wealth Management LLC grew its position in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after buying an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after buying an additional 217,509 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 0.0 %

Shares of NASDAQ MSFT opened at $433.35 on Thursday. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.22 trillion, a PE ratio of 34.89, a P/E/G ratio of 2.21 and a beta of 0.99. The company's fifty day simple moving average is $387.20 and its 200 day simple moving average is $411.42.

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, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm posted $2.94 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Microsoft from $472.00 to $482.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Bank of America reduced their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Evercore ISI lifted their price target on Microsoft from $435.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wedbush increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, BMO Capital Markets boosted their target price on shares of Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $507.77.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently 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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