Microsoft Co. (NASDAQ:MSFT) Shares Sold by GG Group Ventures LLC

GG Group Ventures LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 11.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,022 shares of the software giant's stock after selling 663 shares during the period. Microsoft makes up 3.2% of GG Group Ventures LLC's investment portfolio, making the stock its 5th biggest holding. GG Group Ventures LLC's holdings in Microsoft were worth $2,144,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MSFT. FRG Family Wealth Advisors LLC increased its stake in Microsoft by 1.1% in the third quarter. FRG Family Wealth Advisors LLC now owns 154,644 shares of the software giant's stock valued at $66,628,000 after acquiring an additional 1,610 shares during the period. JDM Financial Group LLC increased its stake in Microsoft by 12.0% in the third quarter. JDM Financial Group LLC now owns 784 shares of the software giant's stock valued at $337,000 after acquiring an additional 84 shares during the period. Geode Capital Management LLC increased its stake in Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. Goodman Advisory Group LLC increased its stake in Microsoft by 1.3% in the third quarter. Goodman Advisory Group LLC now owns 28,760 shares of the software giant's stock valued at $12,376,000 after acquiring an additional 369 shares during the period. Finally, Greenwood Gearhart Inc. increased its stake in Microsoft by 8.0% in the third quarter. Greenwood Gearhart Inc. now owns 102,695 shares of the software giant's stock valued at $44,189,000 after acquiring an additional 7,601 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Truist Financial reaffirmed a "buy" rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. StockNews.com raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Finally, TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $510.96.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company's stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was 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 of the company's stock, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $14,333,540 over the last quarter. Corporate insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.5 %

MSFT traded down $2.11 during mid-day trading on Friday, hitting $408.43. The stock had a trading volume of 22,671,838 shares, compared to its average volume of 22,704,654. The stock's fifty day simple moving average is $428.76 and its 200-day simple moving average is $422.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm earned $2.93 EPS. As a group, research analysts forecast that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio is 26.73%.

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.