Microsoft Co. (NASDAQ:MSFT) is U.S. Capital Wealth Advisors LLC’s 8th Largest Position

U.S. Capital Wealth Advisors LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 109,202 shares of the software giant’s stock after selling 4,416 shares during the period. Microsoft makes up about 1.7% of U.S. Capital Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. U.S. Capital Wealth Advisors LLC’s holdings in Microsoft were worth $46,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Net Worth Advisory Group bought a new position in shares of Microsoft during the third quarter valued at about $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after purchasing an additional 31,401 shares in the last quarter. Jacobs & Co. CA increased its stake in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the last quarter. Evernest Financial Advisors LLC lifted its position in shares of Microsoft by 389.2% during the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after buying an additional 42,778 shares in the last quarter. Finally, New Harbor Financial Group LLC boosted its stake in shares of Microsoft by 55.9% in the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after buying an additional 450 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $437.39 on Thursday. The company has a 50 day moving average of $426.19 and a 200 day moving average of $428.20. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.25 trillion, a P/E ratio of 36.09, a P/E/G ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 12 month low of $366.50 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the prior year, the firm posted $2.99 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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

Analysts Set New Price Targets

A number of analysts recently commented on MSFT shares. JPMorgan Chase & Co. decreased their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Citigroup lowered their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price target on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Sanford C. Bernstein decreased their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, UBS Group boosted their target price on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $508.46.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

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.