Microsoft Co. (NASDAQ:MSFT) is Consilio Wealth Advisors LLC’s 2nd Largest Position

Consilio Wealth Advisors LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,388 shares of the software giant’s stock after purchasing an additional 1,709 shares during the period. Microsoft comprises 9.1% of Consilio Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Consilio Wealth Advisors LLC’s holdings in Microsoft were worth $22,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Chemistry Wealth Management LLC grew its position in shares of Microsoft by 2.3% in the 3rd quarter. Chemistry Wealth Management LLC now owns 16,500 shares of the software giant’s stock worth $7,100,000 after buying an additional 368 shares during the last quarter. Boston Standard Wealth Management LLC boosted its holdings in shares of Microsoft by 10.5% during the 3rd quarter. Boston Standard Wealth Management LLC now owns 1,516 shares of the software giant’s stock valued at $652,000 after buying an additional 144 shares in the last quarter. Smith Anglin Financial LLC grew its holdings in Microsoft by 11.3% in the third quarter. Smith Anglin Financial LLC now owns 14,586 shares of the software giant’s stock worth $6,276,000 after purchasing an additional 1,484 shares during the period. Diversified Trust Co grew its stake in shares of Microsoft by 16.5% in the 3rd quarter. Diversified Trust Co now owns 215,466 shares of the software giant’s stock worth $92,715,000 after buying an additional 30,553 shares during the last quarter. Finally, WealthBridge Capital Management LLC increased its holdings in shares of Microsoft by 10.2% during the third quarter. WealthBridge Capital Management LLC now owns 12,698 shares of the software giant’s stock valued at $5,464,000 after acquiring an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,829 shares of company stock worth $80,966,837. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.6 %

NASDAQ MSFT opened at $415.49 on Thursday. The firm’s 50-day moving average is $422.46 and its two-hundred day moving average is $426.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 34.28, a PEG ratio of 2.20 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the company posted $2.99 EPS. Microsoft’s revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its Board of Directors has initiated a share repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 dividend on an annualized basis and a yield of 0.80%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 27.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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, October 31st. UBS Group dropped their target price on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.