Microsoft Co. (NASDAQ:MSFT) Shares Sold by Miramar Capital LLC

Miramar Capital LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,837 shares of the software giant's stock after selling 1,115 shares during the period. Microsoft makes up about 5.4% of Miramar Capital LLC's portfolio, making the stock its biggest position. Miramar Capital LLC's holdings in Microsoft were worth $23,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MSFT. International Assets Investment Management LLC grew its position in Microsoft by 48,526.1% during the 3rd 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 during the last quarter. Wulff Hansen & CO. lifted its stake in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant's stock valued at $2,160,850,000 after acquiring an additional 4,824,436 shares during the period. Assenagon Asset Management S.A. lifted its stake in Microsoft by 67.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant's stock valued at $2,566,250,000 after acquiring an additional 2,404,348 shares during the period. Baillie Gifford & Co. lifted its stake in Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after acquiring an additional 2,222,483 shares during the period. Finally, AustralianSuper Pty Ltd lifted its stake in Microsoft by 56.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant's stock valued at $2,299,767,000 after acquiring an additional 1,938,304 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In related news, 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 completion of the sale, the executive vice president now directly owns 117,294 shares of the company's stock, valued at $48,911,598. This trade represents 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 this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares of the company's stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.1 %

Shares of MSFT traded down $0.53 during mid-day trading on Tuesday, reaching $428.50. The stock had a trading volume of 25,848,817 shares, compared to its average volume of 19,069,188. The business's fifty day moving average is $429.54 and its 200 day moving average is $425.92. Microsoft Co. has a 52-week low of $385.58 and a 52-week 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 market cap of $3.19 trillion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 2.28 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its 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. The company had revenue of $65.59 billion for the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.99 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 12.92 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 given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analyst Weigh In

MSFT has been the subject of several analyst reports. Piper Sandler boosted their target price on shares of Microsoft from $470.00 to $520.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. KeyCorp boosted their target price 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. Stifel Nicolaus boosted their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. TD Cowen decreased their target price 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, DA Davidson cut shares of Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average price target 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.