Private Management Group Inc. sell 211 shares of Microsoft Co. (NASDAQ:MSFT)

Private Management Group Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.3% during the first quarter, HoldingsChannel.com reports. The fund owned 6,237 shares of the software giant’s stock after selling 211 shares during the period. The holdings of Private Management Group Inc. holdings in Microsoft were worth $2,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Friedenthal Financial bought a new stake in shares of Microsoft during the fourth quarter valued at $45,000. Neo Ivy Capital Management acquired a new position in Microsoft during the fourth quarter valued at about $58,000. Richardson Capital Management LLC grew its position in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares in the last quarter. PayPay Securities Corp grew its stake in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new position in shares of Microsoft in the first quarter worth about $80,000. 71.13% of the shares are currently owned by institutional investors and hedge funds.

Insider trading at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock worth $10,877,535 over the last ninety days. 0.03% of shares are currently held by corporate insiders.

Microsoft stock performance

Shares of MSFT opened at $406.02 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27, and a quick ratio of 1.23. The stock has a market cap of $3.02 trillion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The stock has a 50-day moving average of $437.21 and a 200-day moving average of $421.77. Microsoft Co. it has a one year low of $309.45 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT – Get Free Report ) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the prior year, the business earned $2.69 EPS. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect Microsoft Co. to post 13.04 earnings per share for the current year.

Microsoft announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15. This represents an annualized dividend of $3.00 and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is currently 25.97%.

Analysts set new price targets

A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group lifted their price objective on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 price target on shares of Microsoft in a research report on Monday, April 22nd. New Street Research assumed coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Bank of America upped their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company boosted their price target on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The company currently has an average rating of “Moderate Buy” and a consensus price target of $493.06, based on data from MarketBeat.com.

Read our latest report on MSFT

Microsoft profile

(Free Report)

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 on-premises licensing, and other office services.

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