Retireful LLC Sells 576 Shares of Microsoft Co. (NASDAQ:MSFT)

Retireful LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 25.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,645 shares of the software giant's stock after selling 576 shares during the period. Retireful LLC's holdings in Microsoft were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings 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 acquiring an additional 38,422,466 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant's stock worth $15,426,767,000 after purchasing an additional 97,075 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant's stock worth $10,768,771,000 after purchasing an additional 1,563,533 shares during the last quarter. Swiss National Bank grew its stake in shares of Microsoft by 0.3% in the third quarter. Swiss National Bank now owns 20,957,770 shares of the software giant's stock worth $9,018,128,000 after purchasing an additional 57,800 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Microsoft by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant's stock valued at $7,912,402,000 after purchasing an additional 251,408 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were 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 in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company's stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

MSFT stock traded down $9.51 during mid-day trading on Monday, reaching $434.56. 35,603,189 shares of the company traded hands, compared to its average volume of 20,414,383. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a market capitalization of $3.23 trillion, a P/E ratio of 35.85, a P/E/G ratio of 2.40 and a beta of 0.90. 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 company has a fifty day moving average price of $431.05 and a 200-day moving average price of $425.30.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its 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 net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. Microsoft's revenue was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio is 27.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MSFT shares. Mizuho increased their price target on Microsoft from $480.00 to $510.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Oppenheimer cut Microsoft from an "outperform" rating to a "market perform" rating in a report on Tuesday, October 8th. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Friday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $512.66.

Microsoft Company 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.