Unionview LLC Sells 308 Shares of Microsoft Co. (NASDAQ:MSFT)

Unionview LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,170 shares of the software giant’s stock after selling 308 shares during the period. Microsoft accounts for approximately 10.2% of Unionview LLC’s investment portfolio, making the stock its 2nd biggest holding. Unionview LLC’s holdings in Microsoft were worth $11,345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hibernia Wealth Partners LLC purchased a new position in Microsoft during the third quarter worth about $69,000. Iron Horse Wealth Management LLC increased its stake in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft during the 3rd quarter worth approximately $87,000. Cordant Inc. boosted its stake in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after buying an additional 298 shares during the last quarter. Finally, Family CFO Inc grew its holdings in shares of Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent analyst reports. Barclays lifted their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a research report on Thursday, January 18th. Jefferies Financial Group increased their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Morgan Stanley lifted their price target on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada increased their price objective on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.05.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $400.96 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The firm has a market capitalization of $2.98 trillion, a PE ratio of 36.25, a P/E/G ratio of 2.16 and a beta of 0.89. The business’s 50 day moving average price is $414.57 and its 200-day moving average price is $386.37.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.32 EPS. As a group, equities research analysts expect that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

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.