Microsoft Co. (NASDAQ:MSFT) Shares Sold by Stillwater Capital Advisors LLC

Posted by Defense World Staff on Mar 25th, 2023

Stillwater Capital Advisors LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,849 shares of the software giant’s stock after selling 2,039 shares during the quarter. Microsoft makes up 6.4% of Stillwater Capital Advisors LLC’s holdings, making the stock its 2nd biggest position. Stillwater Capital Advisors LLC’s holdings in Microsoft were worth $30,181,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd lifted its holdings in Microsoft by 199.7% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock valued at $25,356,000 after purchasing an additional 71,769 shares during the last quarter. Seascape Capital Management increased its position in Microsoft by 41.9% during the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after buying an additional 858 shares during the period. Verity & Verity LLC increased its position in Microsoft by 6.4% during the 2nd quarter. Verity & Verity LLC now owns 67,872 shares of the software giant’s stock worth $17,432,000 after buying an additional 4,081 shares during the period. BlackDiamond Wealth Management Inc. increased its position in Microsoft by 9.2% during the 3rd quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock worth $1,943,000 after buying an additional 650 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Microsoft by 1.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock worth $649,670,000 after buying an additional 37,545 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $280.57 on Friday. The business’s 50-day moving average price is $256.45 and its 200-day moving average price is $246.10. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The firm has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.51 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 30.22%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. set a $305.00 price objective on Microsoft and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Rosenblatt Securities lowered their price objective on Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, January 26th. Cowen lowered their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. StockNews.com assumed coverage on Microsoft in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Fundamental Research lowered their price objective on Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $287.92.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the transaction, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 over the last ninety days. 0.03% of the stock is owned by company insiders.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.