Smallwood Wealth Investment Management LLC Sells 105 Shares of Microsoft Corporation (NASDAQ:MSFT)

Smallwood Wealth Investment Management LLC lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.1% during the first quarter, HoldingsChannel reports. The firm owned 4,925 shares of the software giant’s stock after selling 105 shares during the quarter. Microsoft comprises 1.2% of Smallwood Wealth Investment Management LLC’s holdings, making the stock its 18th largest holding. Smallwood Wealth Investment Management LLC’s holdings in Microsoft were worth $1,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Newton One Investments LLC boosted its stake in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after acquiring an additional 30 shares during the period. Ball & Co Wealth Management Inc. acquired a new position in Microsoft in the 4th quarter valued at $31,000. LSV Asset Management acquired a new position in shares of Microsoft during the 4th quarter worth $44,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after buying an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. KeyCorp upgraded Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 price target on the stock in a report on Thursday, July 31st. Barclays increased their price objective on Microsoft from $550.00 to $625.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $609.86.

Microsoft Price Performance

NASDAQ:MSFT opened at $522.48 on Friday. The firm has a market capitalization of $3.88 trillion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 2.28 and a beta of 1.06. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The stock has a fifty day moving average of $501.60 and a 200 day moving average of $440.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $2.95 earnings per share. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio is presently 24.34%.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,350 shares of company stock worth $21,493,447. 0.03% of the stock is currently owned by corporate insiders.

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.