Apollon Wealth Management LLC Sells 5,697 Shares of Microsoft Corporation $MSFT

Apollon Wealth Management LLC reduced its stake in Microsoft Corporation by 1.6% in the fourth quarter, selling 5,697 shares and retaining 361,629 shares valued at $174.89 million, making Microsoft its fourth largest position. The software giant recently beat quarterly earnings expectations with $4.14 EPS and $81.27 billion in revenue, prompting analysts to maintain a “Moderate Buy” rating with an average price target of $563.72. Microsoft also declared a $0.91 quarterly dividend and saw mixed insider activity, with Director John W. Stanton buying shares and EVP Kathleen T. Hogan selling shares.