Microsoft Co. (NASDAQ:MSFT) Shares Sold by Successful Portfolios LLC

Successful Portfolios LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,606 shares of the software giant’s stock after selling 48 shares during the quarter. Microsoft makes up about 3.6% of Successful Portfolios LLC’s investment portfolio, making the stock its 4th largest holding. Successful Portfolios LLC’s holdings in Microsoft were worth $5,313,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the last quarter. Quarry LP bought a new stake in Microsoft in the second quarter valued at $45,000. IFS Advisors LLC lifted its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management lifted its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the third quarter valued at $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group cut their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Loop Capital lifted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Trading Up 0.0 %

Shares of NASDAQ:MSFT opened at $388.61 on Wednesday. The company has a market capitalization of $2.89 trillion, a P/E ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business’s 50 day simple moving average is $418.73 and its 200 day simple moving average is $422.36.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the company earned $2.93 EPS. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.