Microsoft Co. (NASDAQ:MSFT) Shares Sold by Citadel Investment Advisory Inc.

Posted by Defense World Staff on Apr 2nd, 2023

Citadel Investment Advisory Inc. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,338 shares of the software giant’s stock after selling 300 shares during the quarter. Microsoft comprises about 2.5% of Citadel Investment Advisory Inc.’s holdings, making the stock its 6th largest position. Citadel Investment Advisory Inc.’s holdings in Microsoft were worth $3,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the transaction, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the transaction, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Microsoft stock opened at $288.30 on Friday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The company has a market cap of $2.15 trillion, a PE ratio of 32.03, a P/E/G ratio of 2.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The company has a fifty day moving average price of $260.79 and a two-hundred day moving average price of $246.78.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly 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 company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 9.34 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is 30.22%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MSFT shares. KeyCorp increased their target price on shares of Microsoft from $270.00 to $316.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays dropped their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, January 10th. StockNews.com began coverage on shares of Microsoft in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Credit Suisse Group set a $285.00 price objective on shares of Microsoft in a research note on Thursday, March 2nd. Finally, The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a research note 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.73.

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.