Long Run Wealth Advisors LLC Sells 26 Shares of Microsoft Co. (NASDAQ:MSFT)

Long Run Wealth Advisors LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,629 shares of the software giant’s stock after selling 26 shares during the period. Microsoft accounts for 1.5% of Long Run Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Long Run Wealth Advisors LLC’s holdings in Microsoft were worth $6,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Quarry LP bought a new stake in Microsoft during the second quarter valued at about $45,000. Innealta Capital LLC purchased a new position in shares of Microsoft in the second quarter valued at about $75,000. Carolina Wealth Advisors LLC boosted its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC grew its position in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.1 %

Shares of NASDAQ MSFT opened at $427.85 on Tuesday. The company has a market cap of $3.18 trillion, a P/E ratio of 35.30, a PEG ratio of 2.37 and a beta of 0.90. The firm has a 50-day simple moving average of $428.64 and a two-hundred day simple moving average of $427.95. Microsoft Co. has a 1 year low of $369.01 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 EPS. Microsoft’s revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.

Microsoft declared that its Board of Directors has approved a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MSFT. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a report on Monday, September 23rd. JPMorgan Chase & Co. lowered their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Sanford C. Bernstein cut their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley boosted their price target on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Company 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.