Orgel Wealth Management LLC Sells 1,286 Shares of Microsoft Co. (NASDAQ:MSFT)

Orgel Wealth Management LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 19.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,418 shares of the software giant’s stock after selling 1,286 shares during the period. Orgel Wealth Management LLC’s holdings in Microsoft were worth $2,279,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSFT. Morris Financial Concepts Inc. grew its stake in shares of Microsoft by 0.9% during the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares during the last quarter. Innova Wealth Partners increased its holdings in Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after purchasing an additional 25 shares in the last quarter. Arkansas Financial Group Inc. grew its holdings in shares of Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares in the last quarter. Partnership Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the last quarter. Finally, Sicart Associates LLC increased its stake in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after buying an additional 26 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 0.3 %

Shares of NASDAQ MSFT opened at $460.77 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.42 trillion, a PE ratio of 39.89, a P/E/G ratio of 2.16 and a beta of 0.89. The company’s fifty day simple moving average is $427.29 and its 200 day simple moving average is $411.76. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $461.02.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast 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 given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock worth $10,877,535 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSFT. Tigress Financial upped their price objective on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. UBS Group reissued a “buy” rating and set a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a research note on Monday, April 22nd. BMO Capital Markets upped their target price on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Finally, Morgan Stanley upped their price target on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

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.