Microsoft Co. (NASDAQ:MSFT) Shares Sold by RBA Wealth Management LLC

RBA Wealth Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,420 shares of the software giant’s stock after selling 85 shares during the period. Microsoft accounts for about 3.3% of RBA Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. RBA Wealth Management LLC’s holdings in Microsoft were worth $8,607,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Net Worth Advisory Group bought a new stake in shares of Microsoft in the 3rd quarter valued at about $2,645,000. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Oak Ridge Investments LLC raised its stake in Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its position in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management bought a new position in shares of Microsoft during the 3rd quarter worth approximately $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of Microsoft stock opened at $378.80 on Monday. The company’s fifty day moving average is $405.52 and its 200 day moving average is $419.10. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The stock has a market cap of $2.82 trillion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. 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 posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $2.93 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MSFT. Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Stifel Nicolaus cut their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

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.