Microsoft Co. (NASDAQ:MSFT) Stock Position Lessened by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 47.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,354 shares of the software giant’s stock after selling 14,978 shares during the period. Microsoft accounts for approximately 3.4% of Delap Wealth Advisory LLC’s portfolio, making the stock its 8th largest holding. Delap Wealth Advisory LLC’s holdings in Microsoft were worth $7,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Christopher J. Hasenberg Inc increased its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Innealta Capital LLC acquired a new position in Microsoft during the second quarter worth approximately $75,000. Bellevue Group AG increased its position in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Bbjs Financial Advisors LLC increased its position in shares of Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft in the second quarter worth $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $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 is accessible through this link. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MSFT. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research report on Monday, September 23rd. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Stock Down 0.7 %

MSFT stock opened at $422.54 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a fifty-two week low of $360.36 and a fifty-two week high of $468.35. The firm’s 50-day simple moving average is $421.09 and its 200 day simple moving average is $424.95. The stock has a market cap of $3.14 trillion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.99 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft declared that its Board of Directors has approved a stock repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is presently 24.75%.

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.