Microsoft Co. (NASDAQ:MSFT) is Delos Wealth Advisors LLC’s 3rd Largest Position

Delos Wealth Advisors LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 61.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,304 shares of the software giant’s stock after acquiring an additional 3,936 shares during the quarter. Microsoft makes up about 3.9% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Delos Wealth Advisors LLC’s holdings in Microsoft were worth $4,434,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its holdings 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 purchasing an additional 25 shares in the last quarter. Quarry LP acquired a new position in Microsoft in the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the 3rd quarter worth approximately $62,000. Carolina Wealth Advisors LLC boosted its position in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft during the 2nd quarter valued at approximately $200,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on 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 transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on 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 transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $409.75 on Monday. The firm has a market cap of $3.05 trillion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year 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 has a 50-day simple moving average of $431.44 and a 200-day simple moving average of $423.56.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the company earned $2.93 earnings per share. On average, equities analysts predict that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent research reports. KeyCorp increased their price objective on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Sanford C. Bernstein decreased their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $510.96.

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.