Octavia Wealth Advisors LLC Sells 1,206 Shares of Microsoft Corporation (NASDAQ:MSFT)

Octavia Wealth Advisors LLC reduced its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,956 shares of the software giant's stock after selling 1,206 shares during the quarter. Microsoft comprises 1.0% of Octavia Wealth Advisors LLC's investment portfolio, making the stock its 25th biggest holding. Octavia Wealth Advisors LLC's holdings in Microsoft were worth $7,867,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Fosun International Ltd increased its holdings in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after purchasing an additional 23 shares during the period. Muirfield Wealth Advisors LLC increased its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC increased its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares during the period. Sterling Group Wealth Management LLC increased its holdings in shares of Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after purchasing an additional 25 shares during the period. Finally, Kuhn & Co Investment Counsel increased its holdings in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on MSFT shares. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Mizuho increased their target price on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. BMO Capital Markets increased their target price on Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a research note on Thursday. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Barclays increased their target price on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $534.14.

Microsoft Trading Down 0.4%

Shares of Microsoft stock traded down $2.03 during trading on Thursday, reaching $501.48. 16,466,043 shares of the stock were exchanged, compared to its average volume of 21,666,022. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average is $467.76 and its 200 day moving average is $424.96. The firm has a market cap of $3.73 trillion, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.66%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

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.