Microsoft Co. (NASDAQ:MSFT) Shares Sold by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 49.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,954 shares of the software giant's stock after selling 13,826 shares during the quarter. CFS Investment Advisory Services LLC's holdings in Microsoft were worth $6,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Charles Schwab Investment Management Inc. boosted its holdings in Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after acquiring an additional 652,493 shares during the period. International Assets Investment Management LLC lifted its position in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant's stock valued at $15,426,767,000 after purchasing an additional 97,075 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant's stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares in the last quarter. Finally, Swiss National Bank increased its stake in Microsoft by 0.3% during the 3rd quarter. Swiss National Bank now owns 20,957,770 shares of the software giant's stock worth $9,018,128,000 after buying an additional 57,800 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Shares of Microsoft stock traded down $27.50 during trading hours on Thursday, hitting $414.83. 47,641,351 shares of the company were exchanged, compared to its average volume of 21,904,332. The business has a 50-day moving average of $432.55 and a 200-day moving average of $424.95. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.08 trillion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same period in the previous year, the firm posted $2.93 earnings per share. As a group, analysts expect that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is 27.39%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSFT. StockNews.com upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on Microsoft from $470.00 to $465.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. BMO Capital Markets decreased their price objective on Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Wedbush restated an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company reiterated a "buy" rating on shares of Microsoft in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $510.24.

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.