Oak Family Advisors LLC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Oak Family Advisors LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 8.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 14,102 shares of the software giant’s stock after selling 1,303 shares during the period. Microsoft comprises approximately 2.2% of Oak Family Advisors LLC’s holdings, making the stock its 11th largest position. Oak Family Advisors LLC’s holdings in Microsoft were worth $6,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC grew its position in shares of Microsoft by 1.2% in the second quarter. Richard W. Paul & Associates LLC now owns 9,587 shares of the software giant’s stock valued at $4,285,000 after purchasing an additional 110 shares during the last quarter. Griffin Asset Management Inc. raised its stake in Microsoft by 1.0% during the second quarter. Griffin Asset Management Inc. now owns 83,564 shares of the software giant’s stock worth $37,349,000 after purchasing an additional 795 shares during the period. Proffitt & Goodson Inc. raised its stake in Microsoft by 2.6% during the second quarter. Proffitt & Goodson Inc. now owns 10,901 shares of the software giant’s stock worth $4,872,000 after purchasing an additional 280 shares during the period. Harbour Trust & Investment Management Co raised its stake in Microsoft by 4.0% during the second quarter. Harbour Trust & Investment Management Co now owns 34,234 shares of the software giant’s stock worth $15,301,000 after purchasing an additional 1,301 shares during the period. Finally, Benin Management CORP raised its stake in shares of Microsoft by 18.2% in the 2nd quarter. Benin Management CORP now owns 60,090 shares of the software giant’s stock valued at $26,857,000 after acquiring an additional 9,268 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.0 %

NASDAQ:MSFT opened at $429.17 on Wednesday. The firm 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. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. 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 business’s fifty day moving average price is $420.10 and its 200 day moving average price is $424.67.

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

Microsoft announced that its board has authorized a stock buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is currently 28.74%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MSFT shares. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. BMO Capital Markets raised their price objective on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Wednesday, July 31st. UBS Group cut their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, TD Cowen lifted their price objective on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.94.

Microsoft Company 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.