Hutchens & Kramer Investment Management Group LLC Sells 434 Shares of Microsoft Co. (NASDAQ:MSFT)

Hutchens & Kramer Investment Management Group LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,357 shares of the software giant’s stock after selling 434 shares during the period. Microsoft comprises 5.9% of Hutchens & Kramer Investment Management Group LLC’s investment portfolio, making the stock its 3rd largest position. Hutchens & Kramer Investment Management Group LLC’s holdings in Microsoft were worth $8,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Moneta Group Investment Advisors LLC raised its stake in shares of Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after purchasing an additional 150,053,637 shares during the period. Norges Bank purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $20,700,525,000. Aaron Wealth Advisors LLC raised its stake in shares of Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the period. Morgan Stanley raised its stake in shares of Microsoft by 14.0% during the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after purchasing an additional 14,652,150 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Microsoft by 348.6% during the second quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock valued at $894,426,000 after purchasing an additional 9,324,182 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT opened at $399.12 on Friday. The firm has a 50-day moving average price of $414.86 and a 200 day moving average price of $384.83. The firm has a market capitalization of $2.97 trillion, a PE ratio of 36.09, a P/E/G ratio of 2.20 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is 27.12%.

Insider Activity

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Wells Fargo & Company upped their price target on shares of Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a report on Thursday, January 18th. Morgan Stanley upped their price target on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $432.13.

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.