Microsoft Co. (NASDAQ:MSFT) Stock Holdings Cut by Adams Asset Advisors LLC

Adams Asset Advisors LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,032 shares of the software giant’s stock after selling 70 shares during the period. Adams Asset Advisors LLC’s holdings in Microsoft were worth $6,719,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MSFT. Morris Financial Concepts Inc. grew its position in Microsoft by 0.9% in the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after acquiring an additional 25 shares during the last quarter. Innova Wealth Partners grew its holdings in Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after acquiring an additional 25 shares in the last quarter. Arkansas Financial Group Inc. increased its position in Microsoft by 1.5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after purchasing an additional 25 shares during the period. Partnership Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares in the last quarter. Finally, Johnson Bixby & Associates LLC lifted its position in shares of Microsoft by 0.4% in the 1st quarter. Johnson Bixby & Associates LLC now owns 6,481 shares of the software giant’s stock worth $2,727,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on MSFT shares. Wells Fargo & Company upped their target price on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Mizuho raised their price objective on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. TD Cowen raised their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Citigroup reduced their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Stock Up 1.0 %

Microsoft stock opened at $417.14 on Friday. The business’s 50-day moving average price is $432.34 and its 200 day moving average price is $422.67. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.10 trillion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter last year, the company earned $2.69 EPS. The business’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

About Microsoft

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.