Reitz Capital Advisors LLC Has $2.43 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 2nd, 2023

Reitz Capital Advisors LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,136 shares of the software giant’s stock after acquiring an additional 1,059 shares during the period. Microsoft accounts for 2.3% of Reitz Capital Advisors LLC’s portfolio, making the stock its 10th largest position. Reitz Capital Advisors LLC’s holdings in Microsoft were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Walled Lake Planning & Wealth Management LLC lifted its position in shares of Microsoft by 0.5% in the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after acquiring an additional 38 shares in the last quarter. Donoghue Forlines LLC lifted its position in shares of Microsoft by 1.6% in the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after acquiring an additional 40 shares in the last quarter. Rovin Capital UT ADV lifted its position in shares of Microsoft by 1.1% in the third quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after acquiring an additional 40 shares in the last quarter. Fountainhead AM LLC lifted its position in shares of Microsoft by 1.0% in the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after acquiring an additional 41 shares in the last quarter. Finally, Lokken Investment Group LLC lifted its position in shares of Microsoft by 0.3% in the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after acquiring an additional 41 shares in the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.5 %

Shares of NASDAQ MSFT opened at $288.30 on Friday. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth 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 business has a 50-day moving average of $260.79 and a two-hundred day moving average of $246.78. 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 quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. Microsoft’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 EPS. On average, analysts forecast that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft 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 sale, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction dated 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 sale, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 in the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSFT. Fundamental Research cut their price target on Microsoft from $269.73 to $259.47 and set a “buy” rating for the company in a report on Thursday, February 2nd. Wedbush increased their price target on Microsoft from $280.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Oppenheimer increased their price target on Microsoft from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Raymond James cut their price target on Microsoft from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Finally, Citigroup increased their price target on Microsoft from $280.00 to $282.00 and gave the company a “buy” rating 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 assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $288.73.

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.