Sky Investment Group LLC Sells 651 Shares of Microsoft Co. (NASDAQ:MSFT)

Sky Investment Group LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,455 shares of the software giant’s stock after selling 651 shares during the period. Microsoft makes up about 7.3% of Sky Investment Group LLC’s investment portfolio, making the stock its biggest holding. Sky Investment Group LLC’s holdings in Microsoft were worth $34,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC boosted its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the period. Authentikos Wealth Advisory LLC acquired a new position in Microsoft in the 3rd quarter worth $87,000. Cordant Inc. boosted its position in Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares during the last quarter. Family CFO Inc grew its stake in shares of Microsoft by 13.6% during 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. Finally, Life Planning Partners Inc acquired a new stake in shares of Microsoft during the fourth quarter valued at about $146,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,258 shares of company stock worth $30,690,456. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.0 %

Shares of MSFT stock opened at $402.25 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $414.45 and a 200 day simple moving average of $389.01. Microsoft Co. has a fifty-two week low of $303.40 and a fifty-two week high of $430.82. The stock has a market capitalization of $2.99 trillion, a P/E ratio of 34.83, a P/E/G ratio of 2.18 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the company posted $2.45 EPS. The business’s revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Co. will post 11.71 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSFT. The Goldman Sachs Group increased their price target on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Evercore ISI lifted their price target on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group raised their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $452.61.

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.