Microsoft Co. (NASDAQ:MSFT) is Wilsey Asset Management Inc.’s Largest Position

Posted by Defense World Staff on Aug 2nd, 2023

Wilsey Asset Management Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 111,315 shares of the software giant’s stock after selling 133 shares during the period. Microsoft makes up approximately 7.3% of Wilsey Asset Management Inc.’s holdings, making the stock its largest position. Wilsey Asset Management Inc.’s holdings in Microsoft were worth $32,092,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Iron Horse Wealth Management LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $26,000. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the first quarter valued at approximately $28,000. PayPay Securities Corp bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $54,000. Gleason Group Inc. increased its position in shares of Microsoft by 111.7% during the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after acquiring an additional 105 shares in the last quarter. Finally, VitalStone Financial LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $79,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. DA Davidson lifted their target price on shares of Microsoft from $350.00 to $415.00 in a research report on Friday, July 21st. Sanford C. Bernstein lifted their target price on shares of Microsoft from $280.00 to $322.00 in a research report on Monday, April 24th. Barclays boosted their price objective on shares of Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. Wolfe Research boosted their price objective on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Finally, KeyCorp boosted their price objective on shares of Microsoft from $340.00 to $400.00 in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $368.98.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $308.70, for a total transaction of $1,543,500.00. Following the transaction, the chief marketing officer now directly owns 105,206 shares of the company’s stock, valued at $32,477,092.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $308.70, for a total transaction of $1,543,500.00. Following the transaction, the chief marketing officer now directly owns 105,206 shares of the company’s stock, valued at $32,477,092.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Teri List sold 1,250 shares of Microsoft stock in a transaction that occurred on 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 $292,588.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,331 shares of company stock valued at $6,684,578. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Microsoft stock opened at $336.34 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The firm has a market capitalization of $2.50 trillion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. The company’s 50-day moving average is $336.87 and its 200 day moving average is $296.71.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. The business had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $2.23 earnings per share. Research analysts forecast that Microsoft Co. will post 10.85 EPS for the current year.

Microsoft Announces Dividend

The business 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 dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.

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.