Microsoft Co. (NASDAQ:MSFT) Shares Sold by Anderson Hoagland & Co.

Anderson Hoagland & Co. cut its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,671 shares of the software giant's stock after selling 1,803 shares during the quarter. Microsoft comprises approximately 5.0% of Anderson Hoagland & Co.'s holdings, making the stock its biggest position. Anderson Hoagland & Co.'s holdings in Microsoft were worth $48,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Microsoft by 62.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant's stock worth $47,612,000 after acquiring an additional 43,327 shares during the period. KFA Private Wealth Group LLC grew its position in shares of Microsoft by 4.8% in the first quarter. KFA Private Wealth Group LLC now owns 7,958 shares of the software giant's stock valued at $3,348,000 after purchasing an additional 366 shares during the last quarter. Blackhawk Capital Partners LLC. increased its stake in shares of Microsoft by 1.7% during the first quarter. Blackhawk Capital Partners LLC. now owns 11,025 shares of the software giant's stock worth $4,638,000 after purchasing an additional 181 shares during the period. Finally, Connecticut Wealth Management LLC lifted its holdings in Microsoft by 0.5% during the 1st quarter. Connecticut Wealth Management LLC now owns 47,752 shares of the software giant's stock worth $20,090,000 after purchasing an additional 248 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Amy Hood sold 38,000 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares of the company's stock, valued at approximately $203,784,292.95. This represents a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,431 shares of company stock valued at $74,956,968. Insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $4.13 during mid-day trading on Friday, hitting $417.00. 24,814,626 shares of the stock traded hands, compared to its average volume of 23,244,906. The company has a market cap of $3.10 trillion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. Microsoft Co. has a twelve month low of $362.90 and a twelve month high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $421.94 and a two-hundred day simple moving average of $426.19.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $64.57 billion. During the same period last year, the firm posted $2.99 earnings per share. The business's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has authorized a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. This is a boost from Microsoft's previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft's dividend payout ratio is 27.39%.

Analyst Ratings Changes

MSFT has been the topic of a number of research reports. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. DA Davidson downgraded shares of Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 price objective for the company. in a report on Monday, September 23rd. Truist Financial reaffirmed a "buy" rating and set a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Finally, BMO Capital Markets cut their price target on Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $503.03.

About Microsoft

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.