TCI Wealth Advisors Inc. Trims Stake in Microsoft Corporation (NASDAQ:MSFT)

TCI Wealth Advisors Inc. lowered its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,387 shares of the software giant's stock after selling 509 shares during the quarter. Microsoft comprises 1.0% of TCI Wealth Advisors Inc.'s portfolio, making the stock its 21st biggest holding. TCI Wealth Advisors Inc.'s holdings in Microsoft were worth $12,908,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC grew its stake in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Mcdaniel Terry & Co. grew its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after acquiring an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC grew its stake in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its stake in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. increased its stake in Microsoft by 147.9% in 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 own 71.13% of the company's stock.

Microsoft Trading Up 0.6%

MSFT opened at $513.71 on Friday. The firm has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.32 and a beta of 1.04. 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 Corporation has a 12 month low of $344.79 and a 12 month high of $518.29. The stock has a fifty day moving average price of $483.52 and a 200-day moving average price of $431.47.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during 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 business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.94 EPS. As a group, equities research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSFT. Loop Capital lifted their price objective on Microsoft from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Thursday. UBS Group lifted their price objective on Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday. Oppenheimer raised shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price objective for the company in a research note on Wednesday, July 9th. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $551.21.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the business'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 owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by insiders.

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.

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