Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Twin Peaks Wealth Advisors LLC

Twin Peaks Wealth Advisors LLC lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,992 shares of the software giant’s stock after selling 718 shares during the quarter. Microsoft comprises about 2.1% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 14th largest position. Twin Peaks Wealth Advisors LLC’s holdings in Microsoft were worth $4,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Fosun International Ltd lifted its stake in Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock worth $2,490,000 after purchasing an additional 23 shares during the last quarter. Muirfield Wealth Advisors LLC lifted its stake in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the last quarter. Retirement Financial Solutions LLC lifted its stake in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after purchasing an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel lifted its stake in Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after purchasing an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group lifted its stake in Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 0.6%

Shares of MSFT stock opened at $505.82 on Wednesday. The stock has a 50-day simple moving average of $473.43 and a 200 day simple moving average of $426.73. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $508.30. The stock has a market capitalization of $3.76 trillion, a P/E ratio of 39.09, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter last year, the business posted $2.94 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.66%. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider owned 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group restated a “positive” rating on shares of Microsoft in a research note on Monday, June 30th. Wedbush increased their target price on Microsoft from $515.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Tigress Financial increased their target price on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $530.00 target price (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $534.14.

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.