Microsoft Corporation $MSFT Shares Sold by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 17.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,732 shares of the software giant’s stock after selling 2,468 shares during the quarter. Microsoft comprises approximately 2.3% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Uniting Wealth Partners LLC’s holdings in Microsoft were worth $5,835,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Real Talk Capital LLC increased its stake in Microsoft by 1.6% in the 1st quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock worth $860,000 after purchasing an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Microsoft by 3.8% in the second quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock worth $457,119,000 after buying an additional 33,382 shares during the period. Modern Wealth Management LLC increased its position in shares of Microsoft by 39.3% in the first quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock worth $54,376,000 after acquiring an additional 40,860 shares in the last quarter. Well Done LLC increased its position in shares of Microsoft by 8.9% in the second quarter. Well Done LLC now owns 9,911 shares of the software giant’s stock worth $4,930,000 after acquiring an additional 814 shares in the last quarter. Finally, Lantz Financial LLC raised its holdings in shares of Microsoft by 2.5% during the second quarter. Lantz Financial LLC now owns 24,210 shares of the software giant’s stock valued at $12,042,000 after acquiring an additional 580 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $490.00 on Wednesday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The stock’s 50-day moving average is $509.01 and its two-hundred day moving average is $501.08. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $3.64 trillion, a P/E ratio of 34.85, a PEG ratio of 2.36 and a beta of 1.02.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.48. Microsoft had a return on equity of 33.47% and a net margin of 35.71%.The business had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. During the same period in the previous year, the company earned $3.30 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. Analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MSFT. Robert W. Baird started coverage on shares of Microsoft in a research note on Friday, November 14th. They issued an “outperform” rating and a $600.00 price objective for the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Microsoft in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Microsoft in a report on Wednesday, October 8th. Daiwa Capital Markets reduced their price objective on Microsoft from $640.00 to $630.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Redburn Partners set a $560.00 price objective on Microsoft in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $634.33.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider owned 461,597 shares in the company, valued at approximately $239,402,668.08. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by company insiders.

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.