Peddock Capital Advisors LLC Has $5.75 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Peddock Capital Advisors LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,871 shares of the software giant’s stock after selling 449 shares during the period. Microsoft makes up approximately 1.5% of Peddock Capital Advisors LLC’s holdings, making the stock its 14th largest holding. Peddock Capital Advisors LLC’s holdings in Microsoft were worth $5,753,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares during the period. Norges Bank bought a new stake in Microsoft during the 4th quarter worth approximately $35,920,047,000. Capital International Investors grew its position in Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after acquiring an additional 842,884 shares during the last quarter. Jennison Associates LLC grew its position in Microsoft by 1.1% during the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after acquiring an additional 277,881 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Microsoft by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after acquiring an additional 403,409 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $431.34 on Tuesday. The stock has a 50-day moving average price of $422.80 and a two-hundred day moving average price of $423.60. The stock has a market cap of $3.21 trillion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MSFT. New Street Research began coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock. TD Cowen upped their price objective on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Piper Sandler reaffirmed an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. UBS Group reduced their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report 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. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Profile

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.