Spectrum Wealth Counsel LLC Has $23.80 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Spectrum Wealth Counsel LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,246 shares of the software giant’s stock after selling 1,992 shares during the quarter. Microsoft accounts for 3.0% of Spectrum Wealth Counsel LLC’s investment portfolio, making the stock its 4th biggest position. Spectrum Wealth Counsel LLC’s holdings in Microsoft were worth $23,798,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Future Financial Wealth Managment LLC increased its stake in Microsoft by 3.7% in the 1st quarter. Future Financial Wealth Managment LLC now owns 2,907 shares of the software giant’s stock worth $1,223,000 after purchasing an additional 103 shares during the period. Sovereign Financial Group Inc. increased its stake in shares of Microsoft by 6.0% in the first quarter. Sovereign Financial Group Inc. now owns 13,682 shares of the software giant’s stock worth $5,756,000 after buying an additional 779 shares during the period. Sunpointe LLC boosted its position in Microsoft by 1.9% during the 1st quarter. Sunpointe LLC now owns 13,503 shares of the software giant’s stock valued at $5,681,000 after buying an additional 254 shares during the period. GoalVest Advisory LLC grew its holdings in Microsoft by 22.1% in the 1st quarter. GoalVest Advisory LLC now owns 11,619 shares of the software giant’s stock worth $4,888,000 after acquiring an additional 2,104 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC increased its position in shares of Microsoft by 60.0% in the first quarter. Aletheian Wealth Advisors LLC now owns 13,591 shares of the software giant’s stock valued at $5,718,000 after acquiring an additional 5,097 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets reduced their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday. Argus lifted their price target on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Stock Performance

Shares of MSFT stock opened at $406.35 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. Microsoft Co. has a one year low of $334.69 and a one year high of $468.35. The company’s 50-day moving average is $420.82 and its 200 day moving average is $424.58.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.22. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.99 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft announced that its board has initiated a share buyback plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.82%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 28.11%.

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.