Silverlake Wealth Management LLC Sells 83 Shares of Microsoft Co. (NASDAQ:MSFT)

Silverlake Wealth Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,485 shares of the software giant’s stock after selling 83 shares during the quarter. Microsoft accounts for about 7.6% of Silverlake Wealth Management LLC’s portfolio, making the stock its biggest position. Silverlake Wealth Management LLC’s holdings in Microsoft were worth $20,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after purchasing an additional 3,078,099 shares during the last quarter. Capital International Investors raised its stake in shares of Microsoft by 1.0% in the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after purchasing an additional 842,884 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after purchasing an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after purchasing an additional 1,563,533 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after purchasing an additional 45,220 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. KeyCorp upped their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Morgan Stanley upped their target price on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. reduced their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $503.03.

Microsoft Stock Up 0.1 %

Shares of NASDAQ:MSFT opened at $423.46 on Friday. Microsoft Co. has a 1 year low of $362.90 and a 1 year high of $468.35. The company has a market cap of $3.15 trillion, a PE ratio of 34.94, a P/E/G ratio of 2.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock’s 50-day moving average is $420.84 and its 200 day moving average is $426.46.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the business earned $2.99 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft declared that its board has authorized a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. This represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 209,431 shares of company stock worth $85,796,688 in the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft 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.