Microsoft Corporation (NASDAQ:MSFT) Holdings Raised by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 15.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,886 shares of the software giant's stock after purchasing an additional 3,823 shares during the period. Microsoft comprises approximately 1.9% of Capital Advisors Wealth Management LLC's holdings, making the stock its 14th biggest holding. Capital Advisors Wealth Management LLC's holdings in Microsoft were worth $10,843,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ball & Co Wealth Management Inc. purchased a new stake in Microsoft in the 4th quarter worth approximately $31,000. Newton One Investments LLC grew its stake in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares during the period. LSV Asset Management purchased a new stake in shares of Microsoft during the 4th quarter valued at $44,000. Fairway Wealth LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at $62,000. Finally, IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,743 shares of company stock worth $24,921,913 in the last quarter. Insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT stock traded down $9.32 on Wednesday, hitting $519.92. 12,415,974 shares of the company's stock traded hands, compared to its average volume of 22,236,322. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45. The stock has a market cap of $3.86 trillion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 2.28 and a beta of 1.06. The stock has a fifty day moving average of $499.37 and a 200-day moving average of $439.35. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period in the prior year, the business earned $2.95 earnings per share. The business's quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is 24.34%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSFT. Piper Sandler boosted their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. The Goldman Sachs Group boosted their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Mizuho boosted their price objective on shares of Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company reissued an "overweight" rating and set a $650.00 price objective (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $609.86.

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.