Angeles Investment Advisors LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Angeles Investment Advisors LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 5.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,077 shares of the software giant’s stock after selling 820 shares during the period. Microsoft accounts for approximately 0.3% of Angeles Investment Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Angeles Investment Advisors LLC’s holdings in Microsoft were worth $6,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc boosted its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC purchased a new stake in shares of Microsoft in the second quarter valued at approximately $75,000. Carolina Wealth Advisors LLC increased its holdings in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new position in Microsoft during the second quarter worth approximately $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 1.0 %

Microsoft stock opened at $429.03 on Friday. The firm has a market capitalization of $3.19 trillion, a P/E ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 0.90. The stock’s fifty day simple moving average is $429.32 and its 200-day simple moving average is $426.58. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

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 analysts’ consensus estimates 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%. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.99 EPS. As a group, equities analysts expect that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s dividend payout ratio is currently 27.39%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSFT. Citigroup dropped their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Sanford C. Bernstein dropped their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $512.93.

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.