Microsoft Co. (NASDAQ:MSFT) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,240 shares of the software giant’s stock after selling 382 shares during the quarter. Microsoft comprises 4.6% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Alpha Omega Wealth Management LLC’s holdings in Microsoft were worth $24,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Richardson Capital Management LLC boosted its position in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after acquiring an additional 129 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Microsoft during the 4th quarter worth about $58,000. Bellevue Group AG raised its position in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC acquired a new position in shares of Microsoft in the 1st quarter valued at about $80,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Argus boosted their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Oppenheimer raised their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Finally, BMO Capital Markets boosted their price objective on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $493.94.

Insiders Place Their Bets

In related news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $420.69 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a fifty-two week low of $311.21 and a fifty-two week high of $468.35. The business has a 50 day moving average price of $418.77 and a 200-day moving average price of $425.13. The firm has a market cap of $3.13 trillion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion during 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%. Microsoft’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is presently 28.74%.

Microsoft declared that its board has initiated a stock repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.