Treasure Coast Financial Planning Sells 146 Shares of Microsoft Co. (NASDAQ:MSFT)

Treasure Coast Financial Planning cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 13.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 980 shares of the software giant’s stock after selling 146 shares during the quarter. Microsoft comprises 0.3% of Treasure Coast Financial Planning’s investment portfolio, making the stock its 25th biggest holding. Treasure Coast Financial Planning’s holdings in Microsoft were worth $412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new stake in shares of Microsoft in the 4th quarter worth about $45,000. Richardson Capital Management LLC lifted its position in 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 acquiring an additional 129 shares during the period. Neo Ivy Capital Management bought a new stake in Microsoft during the fourth quarter worth about $58,000. PayPay Securities Corp grew its holdings in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the period. Finally, Horizon Financial Services LLC bought a new position in shares of Microsoft during the first quarter valued at approximately $80,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Citigroup boosted their price target on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. UBS Group reissued a “buy” rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Tigress Financial raised their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. 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 research note on Thursday, April 11th. Finally, BMO Capital Markets raised their price objective on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $470.86.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Judson Althoff sold 25,000 shares of the company’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 completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $453.55 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a 50-day simple moving average of $435.94 and a two-hundred day simple moving average of $416.36. The firm has a market capitalization of $3.37 trillion, a PE ratio of 39.27, a P/E/G ratio of 2.14 and a beta of 0.89. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating 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 firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the previous year, the firm earned $2.45 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.66%. Microsoft’s payout ratio is 25.97%.

Microsoft 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.