AlphaStar Capital Management LLC Sells 89 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by on Jun 2nd, 2023

AlphaStar Capital Management LLC trimmed its position 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. The fund owned 43,118 shares of the software giant’s stock after selling 89 shares during the period. Microsoft comprises 1.1% of AlphaStar Capital Management LLC’s portfolio, making the stock its 14th largest position. AlphaStar Capital Management LLC’s holdings in Microsoft were worth $10,329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DGS Capital Management LLC grew its holdings in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares during the period. IFM Investors Pty Ltd grew its holdings in Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC grew its holdings in Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC grew its holdings in Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC grew its holdings in Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft 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 transaction, the chief marketing officer now directly owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $34,169,370.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 5,081 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $312.54, for a total transaction of $1,588,015.74. Following the completion of the sale, the chief marketing officer now owns 94,328 shares of the company’s stock, valued at approximately $29,481,273.12. The disclosure for this sale can be found here. Insiders sold 50,081 shares of company stock valued at $15,448,816 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wedbush increased their price target on shares of Microsoft from $340.00 to $375.00 in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $305.00 to $315.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. KeyCorp increased their price objective on shares of Microsoft from $316.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. Barclays increased their price objective on shares of Microsoft from $310.00 to $336.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Finally, Macquarie upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $260.00 to $325.00 in a research report on Wednesday, April 26th. One research 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 stock presently has an average rating of “Moderate Buy” and an average target price of $329.01.

Microsoft Stock Performance

MSFT opened at $332.58 on Friday. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.94 and a beta of 0.93. The company has a fifty day moving average of $300.91 and a 200 day moving average of $267.26. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $335.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share 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 during the quarter, compared to analysts’ expectations of $51.01 billion. During the same period last year, the company posted $2.22 earnings per share. Microsoft’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid 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 dividend yield of 0.82%. 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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