Twin Peaks Wealth Advisors LLC Has $4.63 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Twin Peaks Wealth Advisors LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,992 shares of the software giant's stock after selling 718 shares during the period. Microsoft comprises approximately 2.1% of Twin Peaks Wealth Advisors LLC's holdings, making the stock its 14th largest holding. Twin Peaks Wealth Advisors LLC's holdings in Microsoft were worth $4,626,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC grew its stake in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. grew its position in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC grew its position in Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares during the last quarter. Strategic Financial Services Inc. grew its position in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. grew its position in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Down 0.0%

Shares of Microsoft stock traded down $0.20 during trading on Wednesday, reaching $505.62. The stock had a trading volume of 15,142,434 shares, compared to its average volume of 21,611,426. The company has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 2.28 and a beta of 1.04. The stock has a fifty day moving average price of $473.43 and a two-hundred day moving average price of $426.73. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $508.30. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Piper Sandler increased their price target on Microsoft from $475.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Wall Street Zen downgraded Microsoft from a "buy" rating to a "hold" rating in a research note on Monday, June 30th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $538.04.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated 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 directly owned 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

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.