Personal Capital Advisors Corp Sells 2,142 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jun 15th, 2023

Personal Capital Advisors Corp lessened its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 835,356 shares of the software giant’s stock after selling 2,142 shares during the period. Microsoft comprises 1.0% of Personal Capital Advisors Corp’s portfolio, making the stock its 22nd biggest holding. Personal Capital Advisors Corp’s holdings in Microsoft were worth $200,335,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MSFT. DGS Capital Management LLC lifted its stake in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd lifted its stake in Microsoft by 20.8% during 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 lifted its stake in Microsoft by 1.2% during 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 lifted its stake in Microsoft by 16.2% during 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 lifted its stake in Microsoft by 8.2% during 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. Institutional investors own 69.15% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at approximately $35,952,107.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Teri List sold 1,250 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the transaction, the director now directly owns 874 shares in the company, valued at approximately $292,588.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the transaction, the executive vice president now owns 117,456 shares in the company, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold 51,331 shares of company stock worth $15,867,278 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. DA Davidson raised their price target on shares of Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. BMO Capital Markets raised their price target on shares of Microsoft from $347.00 to $385.00 in a research note on Friday, June 9th. TD Cowen lifted their target price on shares of Microsoft from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. JPMorgan Chase & Co. lifted their target price on shares of Microsoft from $305.00 to $315.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Finally, BNP Paribas cut shares of Microsoft from an “outperform” rating to a “neutral” rating and cut their target price for the company from $310.00 to $300.00 in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $331.74.

Microsoft Trading Up 0.9 %

Shares of NASDAQ:MSFT opened at $337.34 on Thursday. The company’s 50-day moving average price is $309.71 and its two-hundred day moving average price is $272.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88. Microsoft Co. has a one year low of $213.43 and a one year high of $339.04. The stock has a market capitalization of $2.51 trillion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, topping 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 firm had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. During the same period in the previous year, the firm posted $2.22 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 9.65 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is presently 29.47%.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.