BKM Wealth Management LLC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

BKM Wealth Management LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,358 shares of the software giant’s stock after selling 44 shares during the period. Microsoft makes up 4.4% of BKM Wealth Management LLC’s holdings, making the stock its 2nd largest position. BKM Wealth Management LLC’s holdings in Microsoft were worth $10,248,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Friedenthal Financial acquired a new position in shares of Microsoft during the 4th quarter valued at $45,000. Neo Ivy Capital Management acquired a new position in shares of Microsoft during the 4th quarter valued at $58,000. Richardson Capital Management LLC increased its position in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the period. PayPay Securities Corp increased its position in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the period. Finally, Cooksen Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter valued at $86,000. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was 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 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 Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Takeshi Numoto sold 322 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the completion of the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following 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 disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock valued at $10,877,535 over the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $454.70 on Friday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The business has a 50-day moving average of $435.00 and a two-hundred day moving average of $415.23. The stock has a market capitalization of $3.38 trillion, a P/E ratio of 39.37, a P/E/G ratio of 2.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the firm earned $2.45 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Oppenheimer lifted their price target on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Jefferies Financial Group lifted their target price on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Sanford C. Bernstein lifted their target price on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Piper Sandler restated an “overweight” rating and issued a $465.00 target price (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.86.

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.