Vestia Personal Wealth Advisors Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Vestia Personal Wealth Advisors grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,157 shares of the software giant’s stock after acquiring an additional 116 shares during the period. Microsoft comprises approximately 0.8% of Vestia Personal Wealth Advisors’ holdings, making the stock its 28th biggest holding. Vestia Personal Wealth Advisors’ holdings in Microsoft were worth $928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Everhart Financial Group Inc. increased its position in shares of Microsoft by 11.7% during the third quarter. Everhart Financial Group Inc. now owns 42,827 shares of the software giant’s stock worth $18,429,000 after acquiring an additional 4,475 shares during the last quarter. Fountainhead AM LLC grew its stake in Microsoft by 3.6% during the 3rd quarter. Fountainhead AM LLC now owns 5,911 shares of the software giant’s stock valued at $2,544,000 after purchasing an additional 207 shares in the last quarter. FDx Advisors Inc. increased its holdings in Microsoft by 2.2% during the 3rd quarter. FDx Advisors Inc. now owns 10,809 shares of the software giant’s stock worth $4,651,000 after purchasing an additional 234 shares during the last quarter. Coalescence Partners Investment Management LP boosted its stake in shares of Microsoft by 11.9% during the 3rd quarter. Coalescence Partners Investment Management LP now owns 43,584 shares of the software giant’s stock valued at $18,754,000 after buying an additional 4,641 shares during the last quarter. Finally, Lynx Investment Advisory grew its position in shares of Microsoft by 10.1% during the third quarter. Lynx Investment Advisory now owns 9,108 shares of the software giant’s stock worth $3,919,000 after buying an additional 832 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several research analyst reports. Sanford C. Bernstein dropped their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Morgan Stanley upped their price objective on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Mizuho lifted their target price on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets dropped their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is owned by insiders.

Microsoft Trading Down 0.4 %

Shares of Microsoft stock opened at $424.58 on Friday. The stock has a fifty day moving average price of $429.21 and a 200-day moving average price of $426.58. 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 firm has a market cap of $3.16 trillion, a PE ratio of 35.03, a P/E/G ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 1 year low of $384.81 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.99 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

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.