Koa Wealth Management LLC Has $1.41 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Koa Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,278 shares of the software giant’s stock after purchasing an additional 124 shares during the period. Koa Wealth Management LLC’s holdings in Microsoft were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Net Worth Advisory Group acquired a new position in shares of Microsoft during the third quarter valued at about $2,645,000. Oak Ridge Investments LLC raised its holdings in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares during the last quarter. Jacobs & Co. CA raised its holdings in shares of Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. raised its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, EVP Christopher David Young sold 7,200 shares of the firm’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 directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.1 %

MSFT opened at $428.50 on Wednesday. The company has a 50 day moving average of $429.54 and a 200 day moving average of $425.92. The company has a market cap of $3.19 trillion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 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 the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.99 EPS. On average, sell-side analysts expect that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. The Goldman Sachs Group lowered their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, KeyCorp increased their price objective on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $512.93.

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.