Octavia Wealth Advisors LLC Has $10.34 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Octavia Wealth Advisors LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,134 shares of the software giant’s stock after purchasing an additional 1,908 shares during the period. Microsoft accounts for 1.4% of Octavia Wealth Advisors LLC’s portfolio, making the stock its 20th largest holding. Octavia Wealth Advisors LLC’s holdings in Microsoft were worth $10,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares during the last quarter. Capital International Investors grew its holdings in Microsoft by 1.0% during the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after purchasing an additional 842,884 shares during the last quarter. Rhumbline Advisers grew its holdings in Microsoft by 0.3% during the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after purchasing an additional 45,220 shares during the last quarter. Swedbank AB grew its stake in shares of Microsoft by 2.7% in the second quarter. Swedbank AB now owns 13,640,068 shares of the software giant’s stock worth $6,096,428,000 after acquiring an additional 360,171 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Microsoft by 15.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,931,721 shares of the software giant’s stock worth $5,019,942,000 after acquiring an additional 1,613,050 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.6 %

Shares of NASDAQ:MSFT opened at $416.12 on Thursday. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The company’s fifty day moving average is $419.14 and its 200-day moving average is $424.59. The company has a market capitalization of $3.09 trillion, a PE ratio of 36.03, a P/E/G ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.69 EPS. Equities research analysts predict that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft announced that its board has initiated a share repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Bank of America raised their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Citigroup lowered their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group lowered their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Piper Sandler restated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, TD Cowen raised their price objective on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $493.47.

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.