Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Capital Advisors Wealth Management LLC

Posted by Defense World Staff on Sep 24th, 2023

Capital Advisors Wealth Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.1% in the second quarter, HoldingsChannel.com reports. The firm owned 19,227 shares of the software giant’s stock after purchasing an additional 397 shares during the quarter. Microsoft comprises approximately 1.7% of Capital Advisors Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Capital Advisors Wealth Management LLC’s holdings in Microsoft were worth $6,548,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LifePro Asset Management acquired a new stake in Microsoft in the second quarter worth approximately $417,000. Worth Asset Management LLC lifted its position in Microsoft by 17.5% in the second quarter. Worth Asset Management LLC now owns 5,047 shares of the software giant’s stock worth $1,719,000 after purchasing an additional 752 shares during the period. Walker Financial Services Inc. lifted its position in Microsoft by 2.0% in the second quarter. Walker Financial Services Inc. now owns 9,434 shares of the software giant’s stock worth $3,213,000 after purchasing an additional 187 shares during the period. Legacy Bridge LLC lifted its position in Microsoft by 3.3% in the second quarter. Legacy Bridge LLC now owns 9,040 shares of the software giant’s stock worth $3,078,000 after purchasing an additional 285 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Microsoft by 2.6% in the second quarter. Harbor Capital Advisors Inc. now owns 58,654 shares of the software giant’s stock worth $19,974,000 after purchasing an additional 1,471 shares during the period. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on MSFT shares. Barclays upped their price target on Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. DA Davidson upped their price target on Microsoft from $350.00 to $415.00 in a report on Friday, July 21st. Fundamental Research set a $298.10 price target on Microsoft and gave the company a “hold” rating in a report on Wednesday, August 9th. Tigress Financial boosted their target price on shares of Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Bank of America boosted their target price on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $375.03.

View Our Latest Analysis on Microsoft

Microsoft Trading Down 0.8 %

Shares of NASDAQ:MSFT opened at $317.01 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $366.78. The firm has a fifty day moving average price of $330.61 and a 200 day moving average price of $315.53. The stock has a market capitalization of $2.36 trillion, a PE ratio of 32.72, a P/E/G ratio of 2.35 and a beta of 0.90.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The company had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 earnings per share. Analysts expect that Microsoft Co. will post 10.9 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio is currently 28.07%.

Insider Activity

In related news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,049 shares of company stock valued at $38,195,619. Insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.