Oak Hill Wealth Advisors LLC Reduces Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Oak Hill Wealth Advisors LLC cut its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,898 shares of the software giant's stock after selling 707 shares during the period. Microsoft comprises approximately 2.2% of Oak Hill Wealth Advisors LLC's portfolio, making the stock its 13th largest position. Oak Hill Wealth Advisors LLC's holdings in Microsoft were worth $9,346,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Onyx Financial Advisors LLC lifted its holdings in shares of Microsoft by 0.5% in the first quarter. Onyx Financial Advisors LLC now owns 7,088 shares of the software giant's stock worth $2,661,000 after buying an additional 35 shares in the last quarter. Flavin Financial Services Inc. boosted its stake in shares of Microsoft by 3.2% during the 1st quarter. Flavin Financial Services Inc. now owns 13,971 shares of the software giant's stock worth $5,245,000 after acquiring an additional 430 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Microsoft by 2.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 13,545 shares of the software giant's stock worth $5,085,000 after buying an additional 337 shares in the last quarter. Nova R Wealth Inc. increased its holdings in shares of Microsoft by 3.5% in the first quarter. Nova R Wealth Inc. now owns 3,690 shares of the software giant's stock valued at $1,385,000 after purchasing an additional 124 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Microsoft by 0.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 5,805,818 shares of the software giant's stock valued at $2,179,446,000 after purchasing an additional 37,739 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the firm'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 transaction, the executive vice president directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% 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 over the last 90 days. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wedbush increased their target price on Microsoft from $600.00 to $625.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald lifted their target price on Microsoft from $581.00 to $639.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $650.00 price objective (up from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Finally, Barclays upped their price target on shares of Microsoft from $550.00 to $625.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Stock Up 0.2%

Microsoft stock traded up $1.20 during trading hours on Friday, hitting $522.04. The stock had a trading volume of 15,514,819 shares, compared to its average volume of 22,343,549. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The stock's 50-day moving average price is $495.59 and its 200-day moving average price is $437.64. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.88 trillion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 2.30 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (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 company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period in the previous year, the business posted $2.95 earnings per share. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced 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. 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 (DPR) is 24.34%.

About Microsoft

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.