Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lowered by Koa Wealth Management LLC

Koa Wealth Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,154 shares of the software giant’s stock after selling 93 shares during the quarter. Microsoft makes up 1.2% of Koa Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Koa Wealth Management LLC’s holdings in Microsoft were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Rebalance LLC grew its position in Microsoft by 0.7% during the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after acquiring an additional 24 shares during the last quarter. Innova Wealth Partners raised its stake in Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after buying an additional 25 shares in the last quarter. Arkansas Financial Group Inc. lifted its holdings in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares during the period. Partnership Wealth Management LLC boosted its position in shares of Microsoft by 0.4% during the first 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, Doheny Asset Management CA increased its stake in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. Argus increased their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Mizuho upped their price target on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. New Street Research began coverage on shares of Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 target price on the stock. UBS Group lowered their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Bank of America upped their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $493.94.

Microsoft Price Performance

MSFT opened at $429.17 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.14 and a beta of 0.90. The business’s fifty day simple moving average is $420.10 and its 200-day simple moving average is $424.67. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter last year, the company earned $2.69 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities research analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft announced that its Board of Directors has initiated a share buyback program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is presently 28.74%.

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.