Delta Financial Advisors LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,502 shares of the software giant’s stock after selling 163 shares during the quarter. Microsoft accounts for about 3.5% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Delta Financial Advisors LLC’s holdings in Microsoft were worth $7,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of MSFT. Rovin Capital UT ADV raised its position 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 purchasing an additional 40 shares during the last quarter. Lokken Investment Group LLC raised its position in shares of Microsoft by 0.3% during the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock worth $3,076,000 after purchasing an additional 41 shares during the last quarter. Denver Wealth Management Inc. raised its holdings in Microsoft by 3.1% in the 4th quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock valued at $323,000 after acquiring an additional 41 shares during the last quarter. Wellspring Financial Advisors LLC raised its holdings in Microsoft by 0.5% in the 1st quarter. Wellspring Financial Advisors LLC now owns 8,536 shares of the software giant’s stock valued at $2,632,000 after acquiring an additional 42 shares during the last quarter. Finally, Level Financial Advisors Inc. raised its holdings in Microsoft by 2.9% in the 4th quarter. Level Financial Advisors Inc. now owns 1,498 shares of the software giant’s stock valued at $359,000 after acquiring an additional 42 shares during the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on MSFT. Wolfe Research increased their price objective on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. UBS Group raised their price target on shares of Microsoft from $275.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Raymond James raised their price target on shares of Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Evercore ISI lifted their price objective on shares of Microsoft from $295.00 to $337.00 in a research report on Wednesday, April 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $305.00 to $315.00 and gave the stock an “overweight” rating in a research 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 assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.88.
Microsoft Stock Down 0.5 %
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter in the prior year, the firm earned $2.22 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts expect that Microsoft Co. will post 9.61 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders 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 dividend yield of 0.89%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is presently 29.47%.
Insider Activity
In other news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction 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 owns 110,206 shares of the company’s stock, valued at $34,169,370.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 30,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. Insiders sold a total of 41,767 shares of company stock valued at $12,461,061 over the last 90 days. Insiders own 0.03% of the company’s stock.
About Microsoft
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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