Pin Oak Investment Advisors Inc. Has $1.80 Million Position in Microsoft Co. (NASDAQ:MSFT)

Pin Oak Investment Advisors Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,175 shares of the software giant’s stock after selling 235 shares during the quarter. Microsoft accounts for 1.6% of Pin Oak Investment Advisors Inc.’s portfolio, making the stock its 14th largest position. Pin Oak Investment Advisors Inc.’s holdings in Microsoft were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% in 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 period. Ironwood Wealth Management LLC. increased its stake in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. Nicholas Investment Partners LP increased its stake in Microsoft by 3.0% in the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after buying an additional 1,164 shares during the last quarter. Morris Financial Concepts Inc. increased its stake in Microsoft by 5.2% in the 2nd quarter. Morris Financial Concepts Inc. now owns 2,783 shares of the software giant’s stock valued at $1,244,000 after buying an additional 137 shares during the last quarter. Finally, Whelan Financial increased its stake in Microsoft by 3.5% in the 2nd quarter. Whelan Financial now owns 3,961 shares of the software giant’s stock valued at $1,770,000 after buying an additional 135 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 1.0 %

MSFT stock opened at $410.92 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a fifty day moving average price of $432.53 and a 200 day moving average price of $424.44. The firm has a market cap of $3.05 trillion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company earned $2.93 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 13.03 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company 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. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s payout ratio is currently 26.73%.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSFT. KeyCorp boosted their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Sanford C. Bernstein decreased their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.