Microsoft Co. (NASDAQ:MSFT) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC cut its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,214 shares of the software giant’s stock after selling 188 shares during the quarter. Microsoft comprises approximately 1.2% of Opal Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Opal Wealth Advisors LLC’s holdings in Microsoft were worth $3,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc increased its position in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft during the 2nd quarter worth about $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth about $75,000. Bellevue Group AG increased its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the last quarter. Finally, Bbjs Financial Advisors LLC increased its position in shares of Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 1.4 %

MSFT opened at $437.42 on Thursday. The firm has a market cap of $3.25 trillion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. Microsoft Co. has a 52 week low of $364.13 and a 52 week high of $468.35. The business’s 50 day moving average is $420.93 and its two-hundred day moving average is $426.78. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFTGet Free Report) last released 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 for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.99 earnings per share. On average, research analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s payout ratio is currently 27.39%.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the transaction, the chief marketing officer now owns 53,852 shares of the company’s stock, valued at approximately $23,203,211.24. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 17,378 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the transaction, the executive vice president now directly owns 150,161 shares in the company, valued at approximately $61,843,807.85. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,578 shares of company stock valued at $39,679,056. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSFT. JPMorgan Chase & Co. lowered their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Sanford C. Bernstein lowered their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. BMO Capital Markets lowered their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised their target price on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Get Our Latest Stock Report on Microsoft

About Microsoft

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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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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