Pure Financial Advisors LLC Sells 385 Shares of Microsoft Co. (NASDAQ:MSFT)

Pure Financial Advisors LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 47,713 shares of the software giant’s stock after selling 385 shares during the period. Pure Financial Advisors LLC’s holdings in Microsoft were worth $20,531,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Christopher J. Hasenberg Inc increased its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the period. Quarry LP bought a new position in Microsoft in the second quarter worth approximately $45,000. Innealta Capital LLC purchased a new position in Microsoft during the 2nd quarter worth $75,000. Carolina Wealth Advisors LLC raised its position in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC lifted its holdings in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after buying an additional 268 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Down 0.7 %

Shares of NASDAQ:MSFT opened at $418.58 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The stock has a market cap of $3.11 trillion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.37 and a beta of 0.90. The business has a 50-day moving average price of $428.83 and a 200-day moving average price of $428.45.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.99 EPS. Equities analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its Board of Directors has authorized a share repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s payout ratio is currently 27.39%.

Wall Street Analyst Weigh In

MSFT has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Tuesday, November 5th. KeyCorp raised their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Morgan Stanley lifted their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.90.

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.