Oak Harbor Wealth Partners LLC Sells 414 Shares of Microsoft Co. (NASDAQ:MSFT)

Oak Harbor Wealth Partners LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,488 shares of the software giant’s stock after selling 414 shares during the period. Microsoft makes up 1.9% of Oak Harbor Wealth Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Oak Harbor Wealth Partners LLC’s holdings in Microsoft were worth $6,665,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 169.2% in the second 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 bought a new position in shares of Microsoft during the second quarter valued at about $45,000. Innealta Capital LLC bought a new position in shares of Microsoft during the second quarter valued at about $75,000. Carolina Wealth Advisors LLC increased its position in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft during the second quarter valued at about $200,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSFT. UBS Group upped their price objective on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Mizuho increased their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Piper Sandler increased their price target on shares of Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. KeyCorp increased their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $512.93.

Microsoft Price Performance

Shares of MSFT opened at $429.03 on Monday. The stock’s fifty day moving average is $429.32 and its 200-day moving average is $426.37. The firm has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. 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 (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. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 EPS. Equities analysts anticipate that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.