Walkner Condon Financial Advisors LLC Sells 181 Shares of Microsoft Co. (NASDAQ:MSFT)

Walkner Condon Financial Advisors LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,735 shares of the software giant’s stock after selling 181 shares during the period. Microsoft comprises approximately 1.7% of Walkner Condon Financial Advisors LLC’s holdings, making the stock its 12th largest position. Walkner Condon Financial Advisors LLC’s holdings in Microsoft were worth $7,923,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Microsoft in the fourth quarter worth $58,000. Richardson Capital Management LLC raised its position in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the period. Bellevue Group AG boosted its holdings in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Finally, Horizon Financial Services LLC purchased a new position in Microsoft in the 1st quarter worth about $80,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MSFT shares. Oppenheimer raised their price target on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Bank of America boosted their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Tigress Financial boosted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday, September 23rd. Finally, BMO Capital Markets boosted their price target on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.94.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related 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 transaction of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 0.1 %

MSFT opened at $416.54 on Friday. The stock has a market capitalization of $3.10 trillion, a PE ratio of 36.06, a P/E/G ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a one year low of $314.00 and a one year high of $468.35. The business’s 50 day moving average price is $418.50 and its 200 day moving average price is $425.01.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business earned $2.69 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

Microsoft announced that its Board of Directors has authorized a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.