Microsoft Co. (NASDAQ:MSFT) Position Decreased by Deltec Asset Management LLC

Deltec Asset Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,147 shares of the software giant’s stock after selling 8,280 shares during the quarter. Microsoft makes up about 5.7% of Deltec Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Deltec Asset Management LLC’s holdings in Microsoft were worth $25,250,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MSFT. Monumental Financial Group Inc. purchased a new position in shares of Microsoft in the 1st quarter worth $28,000. Atlantic Private Wealth LLC raised its position in shares of Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares during the period. Infrastructure Capital Advisors LLC purchased a new position in shares of Microsoft in the 2nd quarter worth $601,000. Hibernia Wealth Partners LLC purchased a new position in shares of Microsoft in the 3rd quarter worth $69,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several research reports. Macquarie raised their price objective on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. DA Davidson reissued a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Piper Sandler reissued an “overweight” rating and issued a $455.00 price objective on shares of Microsoft in a research report on Thursday, January 25th. KeyCorp initiated coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective on the stock. Finally, Raymond James raised their price objective on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $432.13.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $404.27 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $415.29 and its two-hundred day moving average price is $384.29. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The stock has a market capitalization of $3.00 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.21 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $2.32 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

About Microsoft

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.