Peak Financial Advisors LLC Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by on Mar 25th, 2023

Peak Financial Advisors LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 25.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 942 shares of the software giant’s stock after selling 330 shares during the period. Peak Financial Advisors LLC’s holdings in Microsoft were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. DGS Capital Management LLC grew its stake in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of 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 acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC grew its stake in shares of 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 acquiring an additional 152 shares during the last quarter. Powell Investment Advisors LLC grew its stake in shares of 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 acquiring an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its stake in shares of 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 acquiring an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $280.57 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The company’s fifty day moving average price is $256.45 and its 200 day moving average price is $246.10. The stock has a market capitalization of $2.09 trillion, a P/E ratio of 31.17, a P/E/G ratio of 2.51 and a beta of 0.92. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95.

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

Microsoft Announces Dividend

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

Analyst Ratings Changes

MSFT has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Microsoft from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and set a $285.00 price target on shares of Microsoft in a research note on Friday, March 17th. Oppenheimer boosted their price target on Microsoft from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Raymond James dropped their price target on Microsoft from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Finally, Wolfe Research decreased their target price on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $287.92.

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares in the company, valued at $31,614,975.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares in the company, valued at $31,614,975.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of 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. Insiders have sold a total of 6,767 shares of company stock worth $1,728,111 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

Microsoft Company Profile

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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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