Kingsview Wealth Management LLC Has $90.58 Million Position in Microsoft Co. (NASDAQ:MSFT)

Kingsview Wealth Management LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,505 shares of the software giant’s stock after acquiring an additional 1,871 shares during the quarter. Microsoft makes up about 1.9% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. Kingsview Wealth Management LLC’s holdings in Microsoft were worth $90,580,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MSFT. WFA Asset Management Corp boosted its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Nicholas Investment Partners LP raised its stake in Microsoft by 3.0% in the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after acquiring an additional 1,164 shares during the period. Pegasus Asset Management Inc. lifted its position in Microsoft by 2.4% during the second quarter. Pegasus Asset Management Inc. now owns 37,277 shares of the software giant’s stock worth $16,661,000 after acquiring an additional 876 shares during the last quarter. Finally, St. Johns Investment Management Company LLC increased its stake in shares of Microsoft by 3.3% during the second quarter. St. Johns Investment Management Company LLC now owns 17,187 shares of the software giant’s stock worth $7,682,000 after purchasing an additional 553 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group cut their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Finally, Mizuho boosted their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $512.66.

Microsoft Trading Down 1.1 %

NASDAQ MSFT opened at $442.33 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.29 trillion, a P/E ratio of 36.50, a PEG ratio of 2.40 and a beta of 0.90. The business has a fifty day simple moving average of $432.01 and a 200 day simple moving average of $425.03. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same period in the prior year, the business posted $2.93 earnings per share. On average, analysts predict that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by insiders.

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.