Envoi LLC Has $494,000 Holdings in Microsoft Co. (NASDAQ:MSFT)

Envoi LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 70.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,105 shares of the software giant’s stock after selling 2,695 shares during the period. Microsoft comprises about 1.6% of Envoi LLC’s investment portfolio, making the stock its 8th biggest holding. Envoi LLC’s holdings in Microsoft were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. AE Wealth Management LLC lifted its position in Microsoft by 19.3% during the second quarter. AE Wealth Management LLC now owns 618,084 shares of the software giant’s stock valued at $276,252,000 after purchasing an additional 99,869 shares in the last quarter. Elite Wealth Management Inc. lifted its position in shares of Microsoft by 0.5% in the second quarter. Elite Wealth Management Inc. now owns 319,226 shares of the software giant’s stock valued at $142,678,000 after acquiring an additional 1,708 shares in the last quarter. Bridges Investment Management Inc. lifted its position in shares of Microsoft by 135.6% in the second quarter. Bridges Investment Management Inc. now owns 966,674 shares of the software giant’s stock worth $432,055,000 after buying an additional 556,427 shares in the last quarter. Callan Capital LLC lifted its position in shares of Microsoft by 6.7% in the second quarter. Callan Capital LLC now owns 27,266 shares of the software giant’s stock worth $12,186,000 after buying an additional 1,704 shares in the last quarter. Finally, Promethos Capital LLC grew its stake in shares of Microsoft by 135.9% during the second quarter. Promethos Capital LLC now owns 18,870 shares of the software giant’s stock valued at $8,434,000 after buying an additional 10,870 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $420.18 on Thursday. The firm has a market capitalization of $3.12 trillion, a PE ratio of 34.67, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The business has a 50-day moving average of $420.74 and a two-hundred day moving average of $424.80. Microsoft Co. has a 12 month low of $357.63 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 12.95 earnings per share for the current year.

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

Microsoft Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.79%. Microsoft’s dividend payout ratio is currently 27.39%.

Insiders Place Their Bets

In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last three months. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America increased their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Morgan Stanley raised their target price on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Mizuho raised their target price on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. lowered their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Wedbush reaffirmed an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $503.03.

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.