Microsoft Co. (NASDAQ:MSFT) is Miller Wealth Advisors LLC’s 5th Largest Position

Miller Wealth Advisors LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,472 shares of the software giant’s stock after selling 221 shares during the quarter. Microsoft comprises 11.5% of Miller Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Miller Wealth Advisors LLC’s holdings in Microsoft were worth $21,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Rebalance LLC increased its stake in Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after buying an additional 24 shares during the period. Innova Wealth Partners increased its position in shares of Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after purchasing an additional 25 shares during the last quarter. Arkansas Financial Group Inc. increased its position in shares of Microsoft by 1.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after purchasing an additional 25 shares during the last quarter. Partnership Wealth Management LLC increased its position in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the last quarter. Finally, Doheny Asset Management CA increased its position in shares of Microsoft by 0.4% in the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MSFT shares. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Oppenheimer upped their target price on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Tigress Financial upped their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Argus upped their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $430.59 on Monday. The firm has a market capitalization of $3.20 trillion, a PE ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $423.50 and its 200 day simple moving average is $423.47. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 EPS. On average, equities research analysts predict that Microsoft Co. will post 13.04 EPS for the current fiscal year.

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.