Microsoft Co. (NASDAQ:MSFT) Shares Purchased by WESPAC Advisors SoCal LLC

Posted by on Apr 20th, 2023

WESPAC Advisors SoCal LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,246 shares of the software giant’s stock after buying an additional 91 shares during the quarter. Microsoft accounts for about 4.8% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 2nd biggest holding. WESPAC Advisors SoCal LLC’s holdings in Microsoft were worth $13,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. ICICI Prudential Asset Management Co Ltd boosted its stake in shares of Microsoft by 199.7% in the third 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 period. Seascape Capital Management boosted its stake in shares of Microsoft by 41.9% in the third quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock valued at $677,000 after purchasing an additional 858 shares during the period. BlackDiamond Wealth Management Inc. boosted its stake in shares of Microsoft by 9.2% in the third quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock valued at $1,943,000 after purchasing an additional 650 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Microsoft by 1.4% in the third quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock valued at $649,670,000 after purchasing an additional 37,545 shares during the period. Finally, RMR Wealth Builders boosted its stake in shares of Microsoft by 9.0% in the third quarter. RMR Wealth Builders now owns 35,150 shares of the software giant’s stock valued at $8,186,000 after purchasing an additional 2,894 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a research note on Wednesday, January 25th. Citigroup raised their target price on shares of Microsoft from $282.00 to $332.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group raised their target price on shares of Microsoft from $310.00 to $325.00 in a report on Tuesday. DA Davidson raised their target price on shares of Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, Fundamental Research reduced their target price on shares of Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $297.71.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Monday, February 13th. The shares were 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 in the company, valued at approximately $31,687,699.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction on 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 directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock worth $1,728,111 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $288.45 on Thursday. The firm’s fifty day simple moving average is $270.00 and its 200-day simple moving average is $251.03. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $294.18. 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 stock has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.53 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data 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 net margin of 33.05% and a return on equity of 39.87%. 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 EPS. Microsoft’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 9.31 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors 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 dividend on an annualized basis and a yield of 0.94%. Microsoft’s dividend payout ratio (DPR) is 30.22%.

Microsoft 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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