Omega Financial Group LLC Has $410,000 Holdings in Microsoft Co. (NASDAQ:MSFT)

Omega Financial Group LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 63.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 953 shares of the software giant’s stock after selling 1,679 shares during the quarter. Omega Financial Group LLC’s holdings in Microsoft were worth $410,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MSFT. Swedbank AB acquired a new stake in Microsoft in the first quarter worth $5,587,119,000. Wulff Hansen & CO. grew its holdings in Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after purchasing an additional 4,824,436 shares during the period. Vanguard Group Inc. grew its holdings in Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after purchasing an additional 3,078,099 shares during the period. Canada Pension Plan Investment Board grew its holdings in Microsoft by 77.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after purchasing an additional 2,744,900 shares during the period. Finally, M&G Plc acquired a new stake in Microsoft in the first quarter worth $846,072,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,431 shares of company stock valued at $74,956,968. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. KeyCorp raised their price objective on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein dropped their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Stock Performance

Shares of MSFT stock opened at $417.00 on Friday. The firm has a market cap of $3.10 trillion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The firm’s 50-day simple moving average is $421.94 and its two-hundred day simple moving average is $426.07.

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

Microsoft declared that its Board of Directors has approved a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding 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 often a sign that the company’s board of directors believes its shares are 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 given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 24.75%.

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.