CMG Global Holdings LLC Sells 313 Shares of Microsoft Co. (NASDAQ:MSFT)

CMG Global Holdings LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,927 shares of the software giant’s stock after selling 313 shares during the quarter. Microsoft comprises about 2.1% of CMG Global Holdings LLC’s portfolio, making the stock its 15th largest holding. CMG Global Holdings LLC’s holdings in Microsoft were worth $2,816,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Security Advisor Inc. raised its stake in Microsoft by 1.7% during the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares in the last quarter. Gunderson Capital Management Inc. raised its stake in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its stake in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bayesian Capital Management LP raised its stake in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Finally, RNC Capital Management LLC raised its stake in Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity

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

Microsoft Stock Performance

MSFT traded up $0.12 during trading on Friday, reaching $441.70. 2,899,511 shares of the company’s stock were exchanged, compared to its average volume of 20,879,377. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $443.40. 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 stock has a market capitalization of $3.28 trillion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 2.33 and a beta of 0.89. The company’s fifty day simple moving average is $417.37 and its 200-day simple moving average is $404.04.

Microsoft (NASDAQ:MSFT) last posted its earnings results 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 firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. As a group, research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSFT. Jefferies Financial Group upped their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. BMO Capital Markets increased their target price on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, May 24th. New Street Research began coverage on shares of Microsoft in a report on Monday. They issued a “buy” rating and a $570.00 price target on the stock. Finally, DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $465.83.

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.