Warren Street Wealth Advisors LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on May 10th, 2023

Warren Street Wealth Advisors LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,968 shares of the software giant’s stock after selling 43 shares during the period. Microsoft makes up 0.8% of Warren Street Wealth Advisors LLC’s holdings, making the stock its 17th biggest position. Warren Street Wealth Advisors LLC’s holdings in Microsoft were worth $952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Rovin Capital UT ADV lifted its holdings in shares of Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after acquiring an additional 40 shares during the period. Lokken Investment Group LLC raised its stake in shares of Microsoft by 0.3% during the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after purchasing an additional 41 shares during the period. Denver Wealth Management Inc. raised its stake in shares of Microsoft by 3.1% during the fourth quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock valued at $323,000 after purchasing an additional 41 shares during the period. Wellspring Financial Advisors LLC raised its stake in shares of Microsoft by 0.5% during the first quarter. Wellspring Financial Advisors LLC now owns 8,536 shares of the software giant’s stock valued at $2,632,000 after purchasing an additional 42 shares during the period. Finally, Level Financial Advisors Inc. raised its stake in shares of Microsoft by 2.9% during the fourth quarter. Level Financial Advisors Inc. now owns 1,498 shares of the software giant’s stock valued at $359,000 after purchasing an additional 42 shares during the period. 69.15% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $307.00 on Wednesday. The business has a fifty day simple moving average of $281.16 and a 200 day simple moving average of $257.23. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.77 and a beta of 0.93. Microsoft Co. has a one year low of $213.43 and a one year high of $311.97.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The firm had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.22 earnings per share. Sell-side analysts expect that Microsoft Co. will post 9.61 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.89%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is 29.47%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MSFT. Cowen decreased their price objective on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, January 19th. DA Davidson lifted their price objective on shares of Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Fundamental Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Microsoft from $310.00 to $340.00 in a report on Wednesday, April 26th. Finally, 888 reissued a “maintains” rating on shares of Microsoft in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.88.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the transaction, the chief marketing officer now owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 9th. The stock was 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 of the company’s stock, valued at approximately $31,614,975.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $310.05, for a total value of $1,550,250.00. Following the completion of the sale, the chief marketing officer now directly owns 110,206 shares in the company, valued at approximately $34,169,370.30. The disclosure for this sale can be found here. Insiders have sold a total of 41,767 shares of company stock worth $12,461,061 over the last 90 days. Insiders own 0.03% of the company’s stock.

About Microsoft

(Get Rating)

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.