Microsoft Co. (NASDAQ:MSFT) Holdings Cut by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,776 shares of the software giant’s stock after selling 3,312 shares during the period. Microsoft comprises 2.9% of 1834 Investment Advisors Co.’s investment portfolio, making the stock its 8th biggest position. 1834 Investment Advisors Co.’s holdings in Microsoft were worth $25,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 169.2% during the 2nd 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. Quarry LP purchased a new position in Microsoft during the second quarter worth approximately $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC increased its stake in shares of Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft during the 2nd quarter worth $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MSFT. Morgan Stanley upped their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, BMO Capital Markets reduced their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $511.62.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Down 1.3 %

Shares of NASDAQ:MSFT opened at $422.37 on Wednesday. Microsoft Co. has a fifty-two week low of $369.01 and a fifty-two week high of $468.35. The firm’s 50 day moving average price is $428.45 and its 200 day moving average price is $427.79. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.14 trillion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for 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 company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned $2.99 EPS. As a group, equities research analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.79%. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft declared that its board has initiated a stock repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.