Walter & Keenan Wealth Management LLC IN ADV Sells 412 Shares of Microsoft Co. (NASDAQ:MSFT)

Walter & Keenan Wealth Management LLC IN ADV lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,517 shares of the software giant’s stock after selling 412 shares during the period. Microsoft comprises 5.2% of Walter & Keenan Wealth Management LLC IN ADV’s investment portfolio, making the stock its 3rd biggest position. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Microsoft were worth $14,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MSFT. International Assets Investment Management LLC acquired a new stake in Microsoft in the 4th quarter valued at about $9,625,201,000. FMR LLC raised its position in shares of Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares in the last quarter. Barclays PLC raised its position in shares of Microsoft by 9.3% during the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after acquiring an additional 2,456,190 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Microsoft during the 4th quarter worth about $679,928,000. Finally, California Public Employees Retirement System raised its position in shares of Microsoft by 9.2% during the 3rd quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock worth $6,749,275,000 after acquiring an additional 1,796,956 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

MSFT has been the topic of several research analyst reports. Barclays raised their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Sanford C. Bernstein raised their target price on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Jefferies Financial Group raised their target price on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, KeyCorp initiated coverage on Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $452.61.

Microsoft Stock Up 1.4 %

Microsoft stock opened at $394.94 on Thursday. 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 Co. has a 1-year low of $303.40 and a 1-year high of $430.82. The company has a market cap of $2.94 trillion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89. The stock’s 50 day moving average price is $414.03 and its 200 day moving average price is $389.48.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results 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. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.45 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 11.75 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued 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 yield of 0.76%. Microsoft’s dividend payout ratio is presently 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.