CV Advisors LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

CV Advisors LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,832 shares of the software giant’s stock after purchasing an additional 714 shares during the quarter. Microsoft comprises approximately 4.9% of CV Advisors LLC’s holdings, making the stock its 5th largest position. CV Advisors LLC’s holdings in Microsoft were worth $10,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. AA Financial Advisors LLC grew its position in Microsoft by 9.0% during the second quarter. AA Financial Advisors LLC now owns 14,073 shares of the software giant’s stock worth $6,290,000 after buying an additional 1,161 shares in the last quarter. Andina Capital Management LLC increased its stake in Microsoft by 19.3% during the second quarter. Andina Capital Management LLC now owns 939 shares of the software giant’s stock valued at $420,000 after acquiring an additional 152 shares during the period. FCG Investment Co raised its holdings in Microsoft by 3.4% in the 2nd quarter. FCG Investment Co now owns 25,570 shares of the software giant’s stock valued at $11,428,000 after acquiring an additional 851 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of Microsoft by 1.5% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 253,594 shares of the software giant’s stock worth $113,344,000 after purchasing an additional 3,780 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.3 %

NASDAQ:MSFT opened at $422.37 on Wednesday. The stock’s fifty day simple moving average is $428.45 and its 200-day simple moving average is $427.79. The firm has a market capitalization of $3.14 trillion, a P/E ratio of 34.85, a P/E/G ratio of 2.37 and a beta of 0.90. 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 12-month low of $369.01 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping 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 return on equity of 34.56% and a net margin of 35.61%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.99 EPS. Equities research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its Board of Directors has initiated a stock buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Microsoft Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, Mizuho raised their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $511.62.

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.