FLC Capital Advisors Has $4.56 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by on Apr 29th, 2023

FLC Capital Advisors trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,998 shares of the software giant’s stock after selling 226 shares during the period. Microsoft accounts for approximately 1.4% of FLC Capital Advisors’ investment portfolio, making the stock its 18th biggest position. FLC Capital Advisors’ holdings in Microsoft were worth $4,556,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. West Branch Capital LLC boosted its position in shares of Microsoft by 0.5% in the fourth quarter. West Branch Capital LLC now owns 44,418 shares of the software giant’s stock valued at $10,652,000 after acquiring an additional 227 shares during the period. ICICI Prudential Asset Management Co Ltd lifted its position in Microsoft by 199.7% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after purchasing an additional 71,769 shares during the period. Seascape Capital Management lifted its position in Microsoft by 41.9% during the third quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after purchasing an additional 858 shares during the period. BlackDiamond Wealth Management Inc. lifted its position in Microsoft by 9.2% during the third quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock worth $1,943,000 after purchasing an additional 650 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in Microsoft by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock worth $649,670,000 after purchasing an additional 37,545 shares during the period. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’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 completion of the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. In the last three months, insiders sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on MSFT shares. Stifel Nicolaus boosted their target price on Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen boosted their target price on Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup boosted their target price on Microsoft from $332.00 to $340.00 in a research note on Wednesday. Mizuho boosted their target price on Microsoft from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Piper Sandler boosted their target price on Microsoft from $290.00 to $348.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $322.88.

Microsoft Price Performance

Shares of MSFT opened at $307.26 on Friday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $308.93. The business’s fifty day moving average is $273.53 and its 200 day moving average is $253.36. The company has a quick ratio of 1.89, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.28 trillion, a P/E ratio of 33.29, a P/E/G ratio of 2.82 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. Microsoft’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $2.22 EPS. Sell-side analysts anticipate that Microsoft Co. will post 9.41 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared 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. This represents a $2.72 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Wednesday, May 17th. Microsoft’s payout ratio is currently 29.47%.

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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