Kingswood Wealth Advisors LLC Sells 48,774 Shares of Microsoft Co. (NASDAQ:MSFT)

Kingswood Wealth Advisors LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 40.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,206 shares of the software giant’s stock after selling 48,774 shares during the period. Microsoft accounts for 2.3% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Kingswood Wealth Advisors LLC’s holdings in Microsoft were worth $30,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MSFT. Net Worth Advisory Group purchased a new position in Microsoft during the 3rd quarter worth $2,645,000. Oak Ridge Investments LLC grew its holdings in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the last quarter. Jacobs & Co. CA increased its position in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares during the period. Focus Financial Network Inc. raised its stake in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management acquired a new stake in Microsoft during the 3rd quarter worth approximately $3,314,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Mizuho dropped their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Stifel Nicolaus dropped their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.43.

Microsoft Stock Performance

NASDAQ:MSFT opened at $388.70 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market cap of $2.89 trillion, a PE ratio of 31.30, a P/E/G ratio of 2.21 and a beta of 0.92. The firm has a 50 day simple moving average of $411.64 and a 200-day simple moving average of $420.49. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s payout ratio is 26.73%.

Microsoft 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.