Allen Mooney & Barnes Investment Advisors LLC Sells 42,016 Shares of Microsoft Co. (NASDAQ:MSFT)

Allen Mooney & Barnes Investment Advisors LLC reduced its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 74.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,573 shares of the software giant's stock after selling 42,016 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in Microsoft were worth $6,236,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Friedenthal Financial acquired a new stake in shares of Microsoft during the fourth quarter worth $45,000. Neo Ivy Capital Management acquired a new stake in shares of Microsoft during the fourth quarter worth $58,000. PayPay Securities Corp lifted its holdings in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant's stock worth $71,000 after purchasing an additional 36 shares during the period. Cooksen Wealth LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $86,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in shares of Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant's stock worth $87,000 after purchasing an additional 143 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 1.3 %

NASDAQ:MSFT traded down $5.90 during mid-day trading on Friday, reaching $446.95. The company's stock had a trading volume of 28,362,271 shares, compared to its average volume of 18,100,172. The stock has a market cap of $3.32 trillion, a P/E ratio of 38.70, a P/E/G ratio of 2.36 and a beta of 0.89. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $456.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The company's fifty day simple moving average is $424.11 and its two-hundred day simple moving average is $410.15.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company's revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.45 EPS. On average, equities analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft's dividend payout ratio is currently 25.97%.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company's stock, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company's stock, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the business's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 in the last three months. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MSFT shares. JPMorgan Chase & Co. increased their price target on Microsoft from $440.00 to $470.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Tigress Financial increased their price target on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, June 13th. UBS Group reissued a "buy" rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, May 24th. Finally, Morgan Stanley raised their target price on Microsoft from $465.00 to $520.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $467.12.

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.