Microsoft Co. (NASDAQ:MSFT) is Royal Capital Wealth Management LLC’s 3rd Largest Position

Royal Capital Wealth Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,985 shares of the software giant’s stock after selling 243 shares during the quarter. Microsoft comprises about 6.4% of Royal Capital Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Royal Capital Wealth Management LLC’s holdings in Microsoft were worth $9,030,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares in the last quarter. Quarry LP acquired a new position in shares of Microsoft during the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the third quarter worth $62,000. Carolina Wealth Advisors LLC raised its stake 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 worth $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft during the 2nd quarter valued at approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $10,425,000.00. Following the sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MSFT shares. KeyCorp upped their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Sanford C. Bernstein dropped their price objective 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. Citigroup lowered their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group cut their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Up 0.2 %

Microsoft stock opened at $413.29 on Thursday. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock’s fifty day moving average is $432.06 and its two-hundred day moving average is $424.01. The firm has a market capitalization of $3.07 trillion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm earned $2.93 EPS. Analysts predict that Microsoft Co. will post 13.03 EPS for the current fiscal 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 paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 26.73%.

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.