Microsoft Co. (NASDAQ:MSFT) is Capital Advisors Inc. OK’s 2nd Largest Position

Capital Advisors Inc. OK increased its position in Microsoft Co. (NASDAQ:MSFT) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 513,187 shares of the software giant’s stock after buying an additional 12,422 shares during the quarter. Microsoft comprises about 4.4% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 2nd biggest position. Capital Advisors Inc. OK’s holdings in Microsoft were worth $220,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new stake in Microsoft in the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC boosted its position in shares of Microsoft by 7.6% in 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 period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Microsoft by 1.6% in 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 buying an additional 31,401 shares in the last quarter. Jacobs & Co. CA raised its holdings in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the period. Finally, Evernest Financial Advisors LLC lifted its position in Microsoft by 389.2% during the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after acquiring an additional 42,778 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $421.50 on Thursday. The firm has a market capitalization of $3.13 trillion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The stock’s fifty day moving average is $428.83 and its 200-day moving average is $428.45.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.99 EPS. Equities analysts anticipate that Microsoft Co. will post 12.93 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 outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed 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 Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MSFT has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Citigroup dropped their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research report on Monday, September 23rd. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.90.

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.