Northstar Advisory Group LLC Has $7.98 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Sep 30th, 2023

Northstar Advisory Group LLC raised its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 508.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,426 shares of the software giant’s stock after purchasing an additional 19,575 shares during the period. Microsoft makes up approximately 5.2% of Northstar Advisory Group LLC’s holdings, making the stock its 4th biggest position. Northstar Advisory Group LLC’s holdings in Microsoft were worth $7,977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Prairie Sky Financial Group LLC bought a new stake in Microsoft in the 2nd quarter valued at $5,480,000. Atlas Private Wealth Management boosted its position in shares of Microsoft by 33.2% during the 2nd quarter. Atlas Private Wealth Management now owns 7,258 shares of the software giant’s stock valued at $2,472,000 after acquiring an additional 1,810 shares in the last quarter. Acropolis Investment Management LLC boosted its position in shares of Microsoft by 2.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 16,135 shares of the software giant’s stock valued at $5,494,000 after acquiring an additional 401 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its position in shares of Microsoft by 8.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 10,460 shares of the software giant’s stock valued at $3,562,000 after acquiring an additional 835 shares in the last quarter. Finally, Green Square Capital Advisors LLC boosted its position in shares of Microsoft by 15.6% during the 2nd quarter. Green Square Capital Advisors LLC now owns 15,623 shares of the software giant’s stock valued at $5,320,000 after acquiring an additional 2,108 shares in the last quarter. 69.20% of the stock is owned by institutional investors.

Microsoft Stock Up 0.7 %

Shares of NASDAQ MSFT opened at $315.75 on Friday. The stock has a market cap of $2.35 trillion, a P/E ratio of 32.59, a P/E/G ratio of 2.30 and a beta of 0.90. The firm has a 50 day moving average price of $327.03 and a 200 day moving average price of $317.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78.

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 for the quarter, beating the consensus estimate 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 quarter 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 year.

Microsoft Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on MSFT. Stifel Nicolaus lifted their target price on shares of Microsoft from $320.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Oppenheimer reiterated an “outperform” rating and set a $410.00 target price on shares of Microsoft in a research report on Friday, July 28th. KeyCorp lifted their target price on shares of Microsoft from $340.00 to $400.00 in a research report on Tuesday, July 18th. Royal Bank of Canada reissued an “outperform” rating and set a $390.00 price target on shares of Microsoft in a report on Friday, September 22nd. Finally, Sanford C. Bernstein lifted their price target on shares of Microsoft from $398.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $375.03.

Get Our Latest Stock Report on Microsoft

Insider Activity

In other news, EVP Kathleen T. Hogan sold 26,815 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares in the company, valued at $64,941,369.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Insiders sold 115,049 shares of company stock worth $38,195,619 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Company Profile

(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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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