KG&L Capital Management LLC Sells 629 Shares of Microsoft Co. (NASDAQ:MSFT)

KG&L Capital Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,776 shares of the software giant’s stock after selling 629 shares during the quarter. Microsoft comprises 3.1% of KG&L Capital Management LLC’s portfolio, making the stock its 9th largest holding. KG&L Capital Management LLC’s holdings in Microsoft were worth $7,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gunderson Capital Management Inc. boosted its stake in Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Bailard Inc. boosted its stake in shares of Microsoft by 1.2% during the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after acquiring an additional 5,366 shares in the last quarter. RNC Capital Management LLC boosted its stake in shares of Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares in the last quarter. Independence Bank of Kentucky boosted its stake in shares of Microsoft by 7.7% during the 3rd quarter. Independence Bank of Kentucky now owns 17,471 shares of the software giant’s stock worth $5,516,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Bensler LLC boosted its stake in shares of Microsoft by 3.2% during the 3rd quarter. Bensler LLC now owns 86,932 shares of the software giant’s stock worth $27,449,000 after acquiring an additional 2,674 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other 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 transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated 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 directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MSFT shares. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, March 25th. Stifel Nicolaus reissued a “buy” rating and set a $455.00 price objective on shares of Microsoft in a research note on Monday. Royal Bank of Canada raised their price objective on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research note on Thursday, January 18th. Finally, StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $434.05.

Microsoft Price Performance

NASDAQ MSFT opened at $399.04 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The stock’s 50-day moving average is $414.44 and its two-hundred day moving average is $387.17. The firm has a market cap of $2.97 trillion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $292.73 and a fifty-two week high of $430.82.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 earnings per share. On average, analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s payout ratio 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.