United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 10,225 Shares of Microsoft Co. (NASDAQ:MSFT)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,702 shares of the software giant's stock after selling 10,225 shares during the period. Microsoft accounts for approximately 10.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Microsoft were worth $253,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock valued at $31,000 after purchasing an additional 44 shares during the period. Quarry LP bought a new position in Microsoft in the 2nd quarter valued at about $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter worth about $75,000. Carolina Wealth Advisors LLC lifted its stake in shares of Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock worth $145,000 after acquiring an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new position in shares of Microsoft in the second quarter valued at approximately $200,000. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the company's 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 transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. Company insiders own 0.03% of the company's stock.

Microsoft Stock Up 1.0 %

Shares of MSFT traded up $4.45 during midday trading on Friday, reaching $429.03. 26,146,013 shares of the stock were exchanged, compared to its average volume of 17,227,436. The firm has a 50 day simple moving average of $429.32 and a 200-day simple moving average of $426.37. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping 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 company had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 earnings per share. The business's quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts forecast that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MSFT shares. Wells Fargo & Company reaffirmed a "buy" rating on shares of Microsoft in a research note on Friday, October 18th. UBS Group lifted their target price on Microsoft from $500.00 to $525.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Wedbush reissued an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. The Goldman Sachs Group lowered their price objective on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Finally, Morgan Stanley increased their target price on shares of Microsoft from $506.00 to $548.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $512.93.

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.