Angeles Wealth Management LLC Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Angeles Wealth Management LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,863 shares of the software giant’s stock after buying an additional 4,485 shares during the period. Microsoft accounts for 3.2% of Angeles Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Angeles Wealth Management LLC’s holdings in Microsoft were worth $33,907,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MSFT. New Harbor Financial Group LLC increased its holdings in shares of Microsoft by 55.9% in the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after purchasing an additional 450 shares during the period. True Link Financial Advisors LLC lifted its position in Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after purchasing an additional 2,264 shares during the last quarter. AMG National Trust Bank raised its position in shares of Microsoft by 19.0% during the 2nd quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock valued at $36,427,000 after buying an additional 12,994 shares in the last quarter. Spinnaker Investment Group LLC lifted its holdings in shares of Microsoft by 2.7% during the 1st quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock worth $5,268,000 after acquiring an additional 326 shares during the last quarter. Finally, Leeward Financial Partners LLC grew its position in Microsoft by 15.8% in the first quarter. Leeward Financial Partners LLC now owns 35,610 shares of the software giant’s stock worth $14,982,000 after acquiring an additional 4,861 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MSFT shares. Morgan Stanley restated an “overweight” rating and set a $506.00 price target on shares of Microsoft in a research report on Tuesday, September 17th. Wedbush reaffirmed an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. Citigroup reduced their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday. Piper Sandler cut their price objective on shares of Microsoft from $485.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Finally, Sanford C. Bernstein decreased their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $502.97.

Microsoft Price Performance

Shares of MSFT stock opened at $428.15 on Friday. The business’s fifty day moving average is $420.59 and its 200 day moving average is $424.58. 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 stock has a market cap of $3.18 trillion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.24 and a beta of 0.90. Microsoft Co. has a twelve month low of $326.94 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.69 EPS. Research analysts expect that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

Microsoft declared that its board has authorized a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

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.