Capital Advisors Wealth Management LLC Acquires 355 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jul 5th, 2023

Capital Advisors Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,830 shares of the software giant’s stock after buying an additional 355 shares during the period. Microsoft makes up 1.5% of Capital Advisors Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Capital Advisors Wealth Management LLC’s holdings in Microsoft were worth $5,429,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the first quarter worth $28,000. Iron Horse Wealth Management LLC bought a new stake in shares of Microsoft during the 4th quarter worth about $26,000. Retirement Financial Solutions LLC acquired a new position in shares of Microsoft during the 4th quarter worth approximately $40,000. Gleason Group Inc. lifted its holdings in shares of Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares during the period. Finally, PayPay Securities Corp bought a new position in Microsoft in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MSFT. Royal Bank of Canada increased their price objective on shares of Microsoft from $285.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Barclays boosted their price objective on shares of Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Piper Sandler upped their target price on shares of Microsoft from $348.00 to $400.00 in a research report on Wednesday, May 31st. 888 restated a “maintains” rating on shares of Microsoft in a research note on Wednesday, April 26th. Finally, Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $260.00 to $325.00 in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $333.18.

Microsoft Trading Down 0.7 %

NASDAQ:MSFT opened at $337.99 on Wednesday. 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 business’s 50 day moving average is $324.12 and its two-hundred day moving average is $281.84. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $351.47. The company has a market cap of $2.51 trillion, a PE ratio of 36.62, a P/E/G ratio of 3.03 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Free Report) last posted its earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The firm had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. During the same period last year, the firm earned $2.22 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Microsoft Co. will post 9.64 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a dividend yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 30,000 shares of Microsoft 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 owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Judson Althoff sold 30,000 shares of Microsoft 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 owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction, the chief marketing officer now owns 110,206 shares in the company, valued at $34,169,370.30. The disclosure for this sale can be found here. Insiders sold a total of 51,331 shares of company stock valued at $15,867,278 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

(Free Report)

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.