WCG Wealth Advisors LLC Has $31.46 Million Position in Microsoft Corporation (NASDAQ:MSFT)

WCG Wealth Advisors LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,631 shares of the software giant's stock after purchasing an additional 1,060 shares during the quarter. Microsoft comprises about 2.1% of WCG Wealth Advisors LLC's investment portfolio, making the stock its 6th biggest position. WCG Wealth Advisors LLC's holdings in Microsoft were worth $31,457,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MSFT. Pacific Point Advisors LLC acquired a new stake in Microsoft in the 4th quarter worth approximately $5,374,000. Wick Capital Partners LLC raised its position in shares of Microsoft by 6.7% in the fourth quarter. Wick Capital Partners LLC now owns 3,071 shares of the software giant's stock valued at $1,294,000 after purchasing an additional 194 shares during the period. McMill Wealth Management acquired a new stake in shares of Microsoft in the fourth quarter worth $1,078,000. Vega Investment Solutions bought a new stake in shares of Microsoft during the 4th quarter worth $16,162,000. Finally, Strait & Sound Wealth Management LLC grew its stake in Microsoft by 0.8% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 32,658 shares of the software giant's stock valued at $13,765,000 after buying an additional 264 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on MSFT shares. Wall Street Zen lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Cantor Fitzgerald lifted their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. The Goldman Sachs Group boosted their price objective on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Evercore ISI set a $515.00 target price on Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $515.68.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president now directly owns 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

MSFT traded up $2.20 during midday trading on Thursday, reaching $480.24. 17,508,757 shares of the company's stock were exchanged, compared to its average volume of 21,496,242. 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 business has a 50-day simple moving average of $434.09 and a two-hundred day simple moving average of $419.74. The firm has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. Microsoft Corporation has a one year low of $344.79 and a one year high of $481.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its 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 business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.94 EPS. As a group, research analysts predict that Microsoft Corporation will post 13.08 EPS for the current 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 paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. Microsoft's dividend payout ratio 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.