MorganRosel Wealth Management LLC Sells 256 Shares of Microsoft Co. (NASDAQ:MSFT)

MorganRosel Wealth Management LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,456 shares of the software giant’s stock after selling 256 shares during the period. Microsoft accounts for approximately 0.9% of MorganRosel Wealth Management LLC’s holdings, making the stock its 25th largest position. MorganRosel Wealth Management LLC’s holdings in Microsoft were worth $2,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Neo Ivy Capital Management bought a new position in shares of Microsoft in the 4th quarter valued at about $58,000. Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% in 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 last quarter. PayPay Securities Corp lifted its stake in Microsoft by 23.7% in 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 last quarter. Bellevue Group AG grew its holdings in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Finally, Horizon Financial Services LLC bought a new stake in Microsoft in the first quarter valued at approximately $80,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen boosted their target price on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. BMO Capital Markets upped their price target on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, June 17th. UBS Group dropped their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Oppenheimer upped their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold a total of 130,751 shares of company stock worth $53,628,156 in the last quarter. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $401.70 on Friday. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $2.99 trillion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.11 and a beta of 0.90. The firm has a 50 day simple moving average of $427.59 and a 200 day simple moving average of $422.93.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 EPS. Research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared 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 0.75%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

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.