Octavia Wealth Advisors LLC Has $10.34 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Octavia Wealth Advisors LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,134 shares of the software giant’s stock after buying an additional 1,908 shares during the quarter. Microsoft makes up 1.4% of Octavia Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Octavia Wealth Advisors LLC’s holdings in Microsoft were worth $10,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MSFT. Swedbank AB acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $5,587,119,000. Vanguard Group Inc. boosted its holdings 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 buying an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after buying an additional 2,744,900 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $989,814,000. Finally, M&G Plc acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $846,072,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MSFT shares. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $506.00 price target on shares of Microsoft in a report on Tuesday, September 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Wednesday, July 31st. UBS Group cut their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup cut their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.47.

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $416.12 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a one year low of $324.39 and a one year high of $468.35. The firm has a market capitalization of $3.09 trillion, a P/E ratio of 36.03, a PEG ratio of 2.22 and a beta of 0.90. The business has a fifty day moving average of $419.14 and a 200 day moving average of $424.59.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is presently 28.74%.

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

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.