Maltin Wealth Management Inc. Reduces Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Maltin Wealth Management Inc. lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 706 shares of the software giant’s stock after selling 65 shares during the period. Maltin Wealth Management Inc.’s holdings in Microsoft were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at $31,000. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the 4th quarter worth about $38,000. LSV Asset Management purchased a new position in Microsoft during the 4th quarter valued at about $44,000. Fairway Wealth LLC purchased a new position in Microsoft during the 4th quarter valued at about $62,000. Finally, IFS Advisors LLC boosted its stake in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 0.2%

NASDAQ:MSFT opened at $491.09 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76. The company has a market cap of $3.65 trillion, a PE ratio of 37.95, a P/E/G ratio of 2.23 and a beta of 1.04. The company’s 50 day moving average is $457.07 and its two-hundred day moving average is $423.04.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm posted $2.94 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.68%. Microsoft’s payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several analyst reports. Westpark Capital restated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Raymond James Financial upped their target price on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. DA Davidson raised their price target on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler restated an “overweight” rating on shares of Microsoft in a research note on Wednesday, May 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Microsoft in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $524.71.

Insider Activity

In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 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.