Sculati Wealth Management LLC Has $9.09 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Sculati Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,599 shares of the software giant’s stock after acquiring an additional 910 shares during the quarter. Microsoft comprises about 3.7% of Sculati Wealth Management LLC’s portfolio, making the stock its 5th largest holding. Sculati Wealth Management LLC’s holdings in Microsoft were worth $9,088,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Net Worth Advisory Group bought a new position in Microsoft during the third quarter valued at $2,645,000. Oak Ridge Investments LLC lifted its position in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares during the last quarter. Jacobs & Co. CA lifted its position in Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its position in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.4 %

MSFT opened at $410.54 on Friday. The stock’s fifty day moving average is $430.11 and its two-hundred day moving average is $423.13. The company has a market capitalization of $3.05 trillion, a P/E ratio of 33.05, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 firm posted $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Dividend Announcement

The business 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 $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is presently 26.73%.

Analysts Set New Price Targets

Several research firms have commented on MSFT. JPMorgan Chase & Co. lowered their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Stifel Nicolaus increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Mizuho lowered their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $510.96.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft 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 transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total value of $423,480.00. Following the completion of the transaction, the chief marketing officer now owns 56,511 shares in the company, valued at $23,931,278.28. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,000 shares of company stock worth $14,333,540. 0.03% of the stock is currently owned by company insiders.

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.