Outlook Wealth Advisors LLC Sells 129 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jul 11th, 2023

Outlook Wealth Advisors LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,581 shares of the software giant’s stock after selling 129 shares during the period. Microsoft makes up approximately 1.0% of Outlook Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Outlook Wealth Advisors LLC’s holdings in Microsoft were worth $2,186,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. DGS Capital Management LLC raised its stake in shares of Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Altus Wealth Group LLC raised its stake in shares of Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares in the last quarter. Powell Investment Advisors LLC raised its stake in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its stake in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Teri List sold 1,250 shares of the company’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 completion of the transaction, the director now owns 874 shares in the company, valued at approximately $292,588.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $310.05, for a total transaction 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 approximately $34,169,370.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Teri List sold 1,250 shares of the company’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 sale, the director now directly owns 874 shares of the company’s stock, valued at approximately $292,588.98. The disclosure for this sale can be found here. Insiders sold a total of 51,331 shares of company stock worth $15,867,278 in the last 90 days. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. Credit Suisse Group lifted their price target on shares of Microsoft from $350.00 to $420.00 in a research note on Wednesday, May 31st. Citigroup boosted their price objective on shares of Microsoft from $332.00 to $340.00 in a research note on Wednesday, April 26th. Royal Bank of Canada boosted their price objective on shares of Microsoft from $285.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Morgan Stanley boosted their price objective on shares of Microsoft from $335.00 to $415.00 in a research note on Thursday, July 6th. Finally, Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $260.00 to $325.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.40.

Microsoft Trading Down 1.6 %

Shares of Microsoft stock opened at $331.83 on Tuesday. The firm has a 50-day simple moving average of $326.82 and a two-hundred day simple moving average of $284.54. The company has a market cap of $2.47 trillion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 2.68 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $351.47. 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 Free Report) last released its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share 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 during the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter in the prior year, the firm earned $2.22 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 9.64 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors 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 0.82%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

Microsoft Company 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.