OneAscent Wealth Management LLC Sells 672 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by on Mar 25th, 2023

OneAscent Wealth Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,422 shares of the software giant’s stock after selling 672 shares during the period. Microsoft accounts for about 0.5% of OneAscent Wealth Management LLC’s holdings, making the stock its 19th biggest position. OneAscent Wealth Management LLC’s holdings in Microsoft were worth $1,060,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. DGS Capital Management LLC increased its holdings in Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after buying an additional 196,338 shares during the last quarter. Altus Wealth Group LLC increased its holdings in Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after buying an additional 152 shares during the last quarter. Powell Investment Advisors LLC increased its holdings in Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its holdings in Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after buying an additional 512 shares during the last quarter. 69.15% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were 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 in the company, valued at $196,272,990. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. UBS Group set a $275.00 price objective on shares of Microsoft in a report on Monday, March 20th. The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a report on Wednesday, January 25th. Wells Fargo & Company raised their price objective on shares of Microsoft from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 target price on shares of Microsoft in a research note on Friday, March 17th. Finally, Wedbush lifted their target price on shares of Microsoft from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $287.92.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $280.57 on Friday. The stock’s 50-day simple moving average is $256.45 and its two-hundred day simple moving average is $246.10. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The company 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.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share 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 business had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. During the same quarter last year, the business posted $2.48 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Announces Dividend

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

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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