Laraway Financial Advisors Inc Has $2.62 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jun 17th, 2023

Laraway Financial Advisors Inc trimmed its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,930 shares of the software giant’s stock after selling 790 shares during the quarter. Microsoft comprises approximately 2.7% of Laraway Financial Advisors Inc’s portfolio, making the stock its 6th biggest position. Laraway Financial Advisors Inc’s holdings in Microsoft were worth $2,621,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MSFT. Vanguard Group Inc. increased its position in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the last quarter. State Street Corp lifted its holdings in shares of Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after buying an additional 1,951,554 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Microsoft by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 142,731,177 shares of the software giant’s stock valued at $34,172,705,000 after buying an additional 3,268,917 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors.

Microsoft Stock Down 1.7 %

Shares of Microsoft stock opened at $342.33 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2.55 trillion, a P/E ratio of 37.09, a P/E/G ratio of 3.00 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $351.47. The business has a 50-day moving average price of $311.86 and a 200 day moving average price of $274.16.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The company had revenue of $52.86 billion during the quarter, compared to the consensus estimate of $51.01 billion. During the same period in the previous year, the firm posted $2.22 earnings per share. Microsoft’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 9.65 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, September 14th. Stockholders of record on Thursday, August 17th will be given 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 0.79%. Microsoft’s dividend payout ratio is presently 29.47%.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 5,081 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $312.54, for a total value 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 $29,481,273.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,331 shares of company stock worth $15,867,278. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MSFT shares. Citigroup increased their price objective on Microsoft from $332.00 to $340.00 in a report on Wednesday, April 26th. Guggenheim raised their target price on Microsoft from $212.00 to $232.00 and gave the stock a “sell” rating in a report on Wednesday, April 26th. Evercore ISI raised their target price on Microsoft from $337.00 to $400.00 in a report on Friday, June 2nd. BNP Paribas lowered Microsoft from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $310.00 to $300.00 in a report on Monday, April 24th. Finally, The Goldman Sachs Group raised their target price on Microsoft from $325.00 to $335.00 and gave the stock a “buy” rating 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.23.

About Microsoft

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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.