Evergreen Wealth Management LLC Sells 630 Shares of Microsoft Co. (NASDAQ:MSFT)

Evergreen Wealth Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,286 shares of the software giant’s stock after selling 630 shares during the period. Microsoft comprises 2.1% of Evergreen Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Evergreen Wealth Management LLC’s holdings in Microsoft were worth $3,565,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its stake in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the period. Nicholas Investment Partners LP lifted its stake in shares of Microsoft by 3.0% during the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after acquiring an additional 1,164 shares during the period. Busey Bank lifted its stake in Microsoft by 0.8% in the second quarter. Busey Bank now owns 466,753 shares of the software giant’s stock valued at $208,615,000 after buying an additional 3,631 shares during the period. Finally, United Bank lifted its stake in Microsoft by 0.3% in the second quarter. United Bank now owns 17,648 shares of the software giant’s stock valued at $7,888,000 after buying an additional 53 shares during the period. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSFT. The Goldman Sachs Group cut their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets cut their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Cantor Fitzgerald began coverage on Microsoft in a research note on Friday, January 17th. They issued an “overweight” rating and a $509.00 target price on the stock. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, KeyCorp raised their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $512.93.

Microsoft Stock Down 0.1 %

MSFT stock opened at $428.50 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $429.54 and a two-hundred day moving average price of $425.92. The company 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 Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.99 earnings per share. Analysts anticipate that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is currently 27.39%.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by company insiders.

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.