Octavia Wealth Advisors LLC Reduces Stock Position in Microsoft Co. (NASDAQ:MSFT)

Octavia Wealth Advisors LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,162 shares of the software giant’s stock after selling 354 shares during the period. Microsoft accounts for about 1.1% of Octavia Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Octavia Wealth Advisors LLC’s holdings in Microsoft were worth $9,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. BCK Partners Inc. raised its position in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares during the last quarter. Global Wealth Strategies & Associates raised its position in shares of Microsoft by 0.8% during the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after buying an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the last quarter. Sequent Asset Management LLC raised its position in shares of Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares during the last quarter. Finally, Cypress Point Wealth Management LLC raised its position in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $393.31 on Friday. The company has a market capitalization of $2.92 trillion, a PE ratio of 31.67, a P/E/G ratio of 2.21 and a beta of 0.92. 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 company has a 50-day simple moving average of $416.40 and a two-hundred day simple moving average of $421.87. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 period in the prior year, the firm earned $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MSFT. Piper Sandler restated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. DA Davidson restated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Morgan Stanley reduced their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

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.