RWWM Inc. Sells 2,392 Shares of Microsoft Co. (NASDAQ:MSFT)

RWWM Inc. decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,149 shares of the software giant's stock after selling 2,392 shares during the period. Microsoft accounts for 4.7% of RWWM Inc.'s portfolio, making the stock its 7th largest position. RWWM Inc.'s holdings in Microsoft were worth $42,965,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MSFT. Swedbank AB purchased a new position in shares of Microsoft in the 1st quarter worth about $5,587,119,000. Wulff Hansen & CO. raised its holdings in Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant's stock valued at $2,160,850,000 after buying an additional 4,824,436 shares during the period. Vanguard Group Inc. lifted its position in Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant's stock valued at $281,035,506,000 after buying an additional 3,078,099 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Microsoft by 77.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant's stock worth $2,642,931,000 after acquiring an additional 2,744,900 shares in the last quarter. Finally, M&G Plc purchased a new stake in Microsoft during the 1st quarter worth $846,072,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company's stock, valued at $20,552,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is owned by company insiders.

Microsoft Trading Down 0.7 %

Shares of NASDAQ:MSFT traded down $2.89 during mid-day trading on Friday, hitting $422.54. The stock had a trading volume of 16,891,414 shares, compared to its average volume of 20,265,076. The company's 50 day moving average is $421.09 and its 200-day moving average is $425.07. Microsoft Co. has a 12-month low of $360.36 and a 12-month high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The company has a market cap of $3.14 trillion, a PE ratio of 34.86, a P/E/G ratio of 2.23 and a beta of 0.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft's revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.99 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is a boost from Microsoft's previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft's dividend payout ratio (DPR) is currently 24.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MSFT shares. Citigroup reduced their price target on Microsoft from $500.00 to $497.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. DA Davidson downgraded Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. Oppenheimer downgraded shares of Microsoft from an "outperform" rating to a "market perform" rating in a research report on Tuesday, October 8th. Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 16th. Finally, Piper Sandler restated an "overweight" rating and issued a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $503.03.

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.