Constitution Capital LLC Sells 6,514 Shares of Microsoft Co. (NASDAQ:MSFT)

Constitution Capital LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,914 shares of the software giant's stock after selling 6,514 shares during the quarter. Microsoft makes up about 28.2% of Constitution Capital LLC's holdings, making the stock its largest position. Constitution Capital LLC's holdings in Microsoft were worth $52,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Affinity Wealth Management LLC raised its stake in Microsoft by 0.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 33,242 shares of the software giant's stock valued at $14,304,000 after purchasing an additional 107 shares during the last quarter. Adamsbrown Wealth Consultants LLC raised its stake in Microsoft by 4.3% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 5,837 shares of the software giant's stock valued at $2,511,000 after purchasing an additional 239 shares during the last quarter. Cherrydale Wealth Management LLC raised its stake in Microsoft by 0.4% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 6,319 shares of the software giant's stock valued at $2,719,000 after purchasing an additional 26 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Microsoft in the 3rd quarter valued at about $2,652,000. Finally, Accelerate Investment Advisors LLC acquired a new position in Microsoft in the 3rd quarter valued at about $2,021,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the sale, the chief marketing officer now owns 53,852 shares in the company, valued at approximately $23,203,211.24. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 212,931 shares of company stock worth $87,297,343. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

MSFT traded up $0.22 during trading hours on Tuesday, hitting $431.20. 18,280,582 shares of the stock were exchanged, compared to its average volume of 20,931,296. The stock has a 50-day simple moving average of $420.84 and a 200-day simple moving average of $426.55. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analysts' expectations of $64.57 billion. During the same period last year, the business posted $2.99 earnings per share. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. Analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. This is a boost from Microsoft's previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSFT. Wells Fargo & Company reissued a "buy" rating on shares of Microsoft in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Piper Sandler reaffirmed an "overweight" rating and set a $470.00 price objective on shares of Microsoft in a research note on Thursday, October 31st. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, KeyCorp upped their price objective on shares of Microsoft from $490.00 to $505.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $503.03.

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.